As I mentioned in my PM, I adjusted the title and forgot to inform you of this.
To answer your questions.
If I write something libelous, could this website be sued?
Yes, and it would be extremely costly, but not only the site but the poster as well.
If so (and I believe it's so), should admin censor our work so that their butts are covered?
again yes, but not just our butts, but the whole site.
Normally as little as possible to defuse any potential legal action.
As publishers AMHD are liable for any and all content published on this site.
We attempt to keep editorial censorship to an absolute minimum to ensure the integrity of the members discussions. That being said some times edits are necessary to stay within legal bounds.
Excon, I put it to you, especially in the case you cite, the addition of ONE word removed any potential libel action that could be taken, not only against the site, but also yourself as an individual. You know as well as I do the crazy nature of the American legal system, more so when it comes to libel actions.
It's amazing what can be said with the addition of a few words like, "allegedly", "In my opinion", "Fair comment", etc.
I hope I have elucidated this issue for you, at least in some small manner.