Wall St. Journal: “In every poll and town hall meeting, Americans are demanding . . . a stronger Federal Trade Commission. Just kidding. But you’re about to get a more powerful FTC anyway, so look out. Buried in the House financial reform is a provision that would muscle up the FTC and radically expand its mission. Pushed by liberal barons Henry Waxman and Barney Frank, the language would empower the FTC to impose civil penalties on companies that are first-time offenders and make it easier for the agency to concoct new rules. The law, supported by FTC Chairman Jon Liebowitz, would also invest the agency with the power to independently litigate civil penalty cases rather than going through the Department of Justice.”
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