What caused the crash of the Federal Communications Commission’s online comment-filing system? The FCC is blaming denial-of-service attacks from “external actors” without explicitly laying any blame on comedian John Oliver’s latest story about net neutrality. Now, some Senators want to know what happened. [More]
fool me twice
Why Bank of America's TARP Payback Is Bad News
So, Bank of America is writing a big, fat, $45 billion check to the U.S. to pay back the money we handed the bank under the TARP program. Great news, right? Not so fast. Wall Street bad boy Henry Blodget points out that BofA is paying the money back while taking out ultra-low-interest loans from the government — loans that don’t come with any of the restrictions bundled with TARP funds. [More]