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Comment Re:Missing option (Score 1) 1104

The thrifts lost money in the early '80s. The regulations were "loosened" and all hell broke loose. The US taxpayer got the bill; a huge deficit loomed so Bush 41 reneged on his "no new taxes" pledge; Clinton is elected.

Interestingly, the thrift bust was also due to mortgage loans.

Important lesson: don't lend money to people who can't pay you back.
United States

Submission + - FEC Will Not Regulate Political Blogging (physorg.com)

eldavojohn writes: "Despite complaints that political bloggers should be subject to campaign finance laws since they are donating huge amounts of money in the form of advertising and media services to candidates, the FEC will not regulate political blogging. From the FEC statement: "While the complaint asserts that DailyKos advocates for the election of Democrats for federal office, the commission has repeatedly stated that an entity that would otherwise qualify for the media exemption does not lose its eligibility because it features news or commentary lacking objectivity or expressly advocates in its editorial the election or defeat of a federal candidate.""
Slashdot.org

Introducing the Slashdot Firehose 320

Logged in users have noticed for some time the request to drink from the Slashdot Firehose. Well now we're ready to start having everybody test it out. It's partially a collaborative news system, partially a redesigned & dynamic next-generation Slashdot index. It's got a lot of really cool features, and a lot of equally annoying new problems for us to find and fix for the next few weeks. I've attached a rough draft of the FAQ to the end of this article. A quick read of it will probably answer most questions from how it works, what all the color codes mean, to what we intend to do with it.

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