Under financial overhaul, FTC could gain enforcement power over Internet

Under financial overhaul, FTC could gain enforcement power over Internet

www.washingtonpost.com

The Federal Trade Commission could become a more powerful watchdog for Internet users under a little-known provision in financial overhaul legislation that would expand the agency's ability to create rules.

An emboldened FTC would stand in stark contrast to a besieged Federal Communications Commission, whose ability to oversee broadband providers has been cast into doubt after a federal court ruled last month that the agency lacked the ability to punish Comcast for violating open-Internet guidelines.

(visit the link for the full news article)

Well well well... if this bill wasn't bad enough, aka opening multiple doors for UNLIMITED BAILOUTS and taxes on all banks, especially the smallers ones, now this...

More power to the government to control what they hate the most THE INTERNET, which exposes their lies and make organization against them easier...

Spread this far and wide...

www.washingtonpost.com
(visit the link for the full news article)

a proposed rule at the FCC would force carriers to treat all Web traffic equally on their networks. That has drawn sharp opposition from broadband service providers

The House financial overhaul bill would make it easier for the FTC to issue rules on privacy that would curtail an advertiser's ability to collect personal data on consumers' Web habits.

"These FTC rules are a big deal and deserve their own debate," said Chris Merida, the director of congressional and public affairs at the Chamber.

Consumer interest groups, however, want to give the FTC greater clout in overseeing Web-related issues. They say online advertisers are gathering personal data about consumers and potentially abusing that information with little federal oversight.

Hrmm...

reply to post by Kaytagg


Is it just me or does it seem like the government won't be happy until they destroy every business in the country? Lets control them, lets break them up, lets reward failure.. sounds just great for the economy.

Took over car industry and handed it to unions.. check
Screwed with the health insurance industry and insure their future bankruptcy.. check
Decided they know how to run banks and now try to overregulate even though they don't enforce current regulations like fraud... check
Screw with the internet so websites can't make advertising dollars so places like ATS go out of business.. check

I'm not exactly sure how curtailing the advertisers abilities to gather data (often time utilizing malware of somesort ) is "taking over the internet" as most of you make it out to seem.

Also I had to LOL when I read the bit about unlimited bailouts. I thought that smut had been cleared up? The fund that the good ole Republican Minority Leader Mitch Mcconnell claims will lead to "unlimited bailouts" isn't even tax-payer funded. The banks are taxed themselves to create the $50B fund. Not to mention the institutions use the $50B fund to liquidate the assets, not to "bail it out" as you claim.

reply to post by ElijahWan


Well that is because you probably don't understand enough about business to realize that any tax paid by any business is covered by raising the cost of the goods or services their customers buy.

The fund that the good ole Republican Minority Leader Mitch Mcconnell claims will lead to "unlimited bailouts" isn't even tax-payer funded. The banks are taxed themselves to create the $50B fund. Not to mention the institutions use the $50B fund to liquidate the assets, not to "bail it out" as you claim.

Yeah thing is ALL BANKS WILL BE TAXED... but of course those who are the most connected in Washington (Goldman Sachs ect..) will get the money.

So the big banks will drain on the little banks. And you're kidding yourself if you think the banks still don't have an unlimited credit at the FED...