Oops, They Did It Again!

Despite having nearly an entire month to get their act together, Sony’s apparently still wearing their security pants down around their ankles.

Sony Hacked Yet Again

Hard as it may be to believe, Sony has been hacked yet again.

According to a report in the Wall Street Journal, So-net Entertainment Corp., a Japanese ISP owned by the technology giant, said that hackers accessed its customer rewards site earlier this week and stole customers’ redeemable gift points worth about $1,225.

The incident is the latest in a weeks-long string of hacks and breaches of security for Sony. The trouble began on April 19, when the company began investigating and ultimately discovered a massive breach of security on its PlayStation Network, a cyberscandal that compromised the personal information of more than 100 million users.

See also:
Sony’s Security Nightmare Not Over, Hacked Again
Fresh security glitch adds to Sony’s woes
Sony hit again with two hacks
Sony hacked twice in one day, this time $1225 was stolen from accounts in Japan
Sony subsidiary So-net reports data breach
Yep, Looks Like Sony’s Been Hacked Again
Sony Faces Another Hack Attack
Sony hacked again
Sony Hacked Again, Server Hosting Credit Card Phishing Site
Do You Own A Sony HackStation?

And if all this hacking wasn’t bad enough . . .

Sony Can’t Guarantee PlayStation Network Security

Sony CEO Howard Stringer says he cannot guarantee the security of his company’s videogame network. . . . maintaining security is a “never-ending process,” and he cannot say that anyone is “100 percent secure.”

/not exactly confidence inspiring, I’ll be taking a pass on Sony products for the foreseeable future

Waddling Back To The Trough

Here comes a squealing Fannie Mae, begging to suck on the taxpayer teat yet again. Hey, I know, let’s throw some more good money after bad.

Fannie Mae Seeks $8.5 Billion in U.S. Aid After Reporting Loss

Fannie Mae, the mortgage-finance company operating under U.S. conservatorship, will seek $8.5 billion in Treasury Department aid to balance its books after reporting a $6.5 billion loss in the first quarter.

Fannie Mae is requesting the money to eliminate a net worth deficit of $8.4 billion for the three-month period that ended March 31, according to a Securities and Exchange Commission filing today. The $6.5 billion loss for the quarter compares with an $11.5 billion shortfall in the same period a year ago.

. . .

Fannie Mae’s smaller rival, Freddie Mac of McLean, Virginia, posted a $676 million first-quarter profit on May 4. Freddie Mac reported a net worth of $1.2 billion and didn’t request additional aid.

The two companies, which own or guarantee more than half of U.S. single-family mortgages, have drawn more than $160 billion in Treasury aid since September 2008, when they were seized by the federal government amid losses that pushed them to the brink of insolvency.

See also:
Fannie Mae Falls Back Into the Loss Column
Fannie Mae to ask $8.5bn of Treasury
Fannie Mae seeks $8.5 billion from taxpayers
Fannie Mae Posts Deep Loss
Fannie Mae requests additional 8.5 billion dollars in government aid
Fannie’s Friday Earnings Release: $8.7-Billion Loss

And who’s responsible for this financial black hole?

Why are we continuing to prop up this bull[expletive deleted]? Let Fannie Mae fail. How much worse can the housing market get? In fact, the government’s insistence in meddling in the housing market. led by the Democrats, only prolongs the inevitable and prevents the free market from sorting itself out.

/take away the trough, wean Fannie Mae from the taxpayer teat, vote Republican in 2012, it’s the only way to be sure