ShmoopTube

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Finance allah shmoop what is a safe harbor provisions All

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right well here's a dangerous harbor and here's a safe

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one Yeah ok so now apply the notion to finance

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land it's not all that different Safe harbor simply means

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that if you follow a basic set of rules you

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can not be found guilty of doing a crime or

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otherwise shady dealings as you live under those safe harbor

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rules Well the most famous safe harbor situation in recent

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times and certainly as it applies to shmoop came with

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the myriad lawsuits of copyright protection as more or less

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all of the valuable content of the world was stolen

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and posted on youtube napster and a whole bunch of

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other peer to peer networks Well caught in the middle

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where the internet service providers comcast tea and dozens of

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others who allowed joe six pack to connect to the

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internet and download you know blurry art films in order

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to sort out the legal situation the government granted safe

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harbor provisions to those internet providers such that if it

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had been deemed that youtube did in fact steal the

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guts of the entertainment industry or provide the gun weaponry

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It's for joe six pack to do so and essentially

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helped bankrupt the music industry And then they lost a

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fifty billion dollar lawsuit Well then on ly google who

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owns youtube would be liable The internet service providers like

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comcast and at and t were granted safe harbour protections

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inside of those lawsuits and they still percolate every now

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and then Again you know today so comcast and att

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and t basically had a safe harbour built around them

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by whole bunch of government lawyers that allowed them to

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continue streaming on the internet and providing internet stuff to

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the masses And had the government not provided that safe

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harbor well it might've made sense for comcast and t

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to just shut down and stop internet service to the

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masses is and then everyone would have lost And you

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know that would have been a bad thing right Right

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Well the bottom line there will always be storms and

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there will always be a need for safe harbors wherever

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you go although you can never be too safe when 00:02:11.163 --> [endTime] there are sharks in the water Yeah

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