Why does the Wall Street regulation overhaul give FTC authority over the Internet?
(By Ed Morrissey; Hot Air) - Earlier [last] week, the Washington Post reported on another little Easter egg in a bill cruising through Congress that would normally have followed Nancy Pelosi’s policy of discovery 'ex post facto'. Democrats have pushed hard to get the financial-regulation reform bill unstuck in the Senate, mainly playing on class-warfare themes in painting the GOP as the party of 'eeeeeeevil' Wall Street robber barons. However, the House version of the bill contains provisions that would put the Federal Trade Commission in position to start issuing rules on Internet transactions that would not only slow down business growth but also have no relevance at all to the financial collapse that prompted the bill...
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