"I think it's possible to make a case for allowing deletion of "untrue" statements in non-stock threads, with the stated understanding that the chairperson assumes all potential liability that may arise out of his doing so,..."
Ugh. Maybe that would be OK on friendly chit-chat threads, but it's not a good idea on any thread related to the financial markets.
Imagine the MDD thread. Imagine I post that the market is making a head and shoulders top. Now the COB could come along and delete my post for being "untrue"? And that's just the easiest axample I could think of right now, there are many more.