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Welcome to the New Slashdot Chicago Cluster 149

Posted by CmdrTaco
from the its-been-a-long-time-coming dept.
Thanks to everyone who tested on Friday, as well as to all of SourceForge's netops crew, our corporate overlords at SourceForge for paying the bill, and of course all the engineers on Slashteam- Jamie McCarthy, Tim Vroom, Chris Nandor, Chris Brown, and Scott Collins, we are now running on the new iron in a cage in Chicago. We'll run a story in a few days about the ridiculously overpowered new hardware we have now, but now is the part of sprockets where we dance.
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Senate Committee Votes To Fingerprint Lenders 146

Posted by kdawson
from the i-am-who-i-am-because-i-say-so dept.
tjstork recommends a blog post up at Openmarket.org on the passage by a Senate committee of a fingerprinting provision in a foreclosure assistance bill. The provision would require thousands of people connected with the mortgage industry, even tangentially — possibly including part-time and seasonal real estate agents — to send fingerprints to the feds for storage in a database. No explanation is in evidence as to how this would help the problem of loan fraud. The measure passed the Senate Banking Committee by a bipartisan majority of 19 to 2. "The measure the committee passed states that 'an individual may not engage in the business of a loan originator without first... obtaining a unique identifier.' To obtain this 'identifier,' an individual is required to 'furnish to the newly created Nationwide Mortgage Licensing System and Registry 'information concerning the applicant's identity, including fingerprints for submission' to the FBI and other government agencies."

A continuing flow of paper is sufficient to continue the flow of paper. -- Dyer

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