The problem with the current situation is that in return for the convenience of Facebook, or your iPhone or your Google Glass, you give up control of the data that you produce using these products.

FORBES: App.net Just Went From Twitter Clone To A Scale Model Of Something Much, Much More

Administration efforts to characterize the current situation as a "temporary liquidity problem" appear strikingly similar to the miscalculations of the Latin American debt crisis in the early 1980s.

CENTERFORSECURITYPOLICY: Center For Security Policy