There is some confusion as to the current settings as far as a member's ability to edit or delete a thread. Just to clarify, the current set up is:
1) Edit a post- A member has 2 days from which the post was initially made to edit it, including emptying it out (highly discouraged in all but the most extreme circumstances).
2) Delete a post/ thread- A member currently does NOT have the ability to completely delete a post or a thread he/she started.
With regards to 2), what are your thoughts on enabling this within a certain time limit?