Forbes has a great story of the power of the bloggers. I totally agree that blogers should bear the responsibility of the material they publish. Atleast if they publish it as a first hand info. Link: Attack of the Blogs - Forbes.com.
Web logs are the prized platform of an online lynch mob spouting liberty but spewing lies, libel and invective. Their potent allies in this pursuit include Google and Yahoo.
If you dont want to register use "forbesdontbug" as password and username.