←back to thread

575 points gausswho | 1 comments | | HN request time: 0s | source
Show context
John23832 ◴[] No.44509670[source]
What consumer does this serve at all? What citizen does this serve at all?

This only serves to allow firms to erect effort barriers to keep rent seeking fro their customers. The "gotcha" that the Khan FTC didn't "follow the rules making process" is parallel construction.

replies(10): >>44509742 #>>44509759 #>>44510095 #>>44510337 #>>44510719 #>>44510834 #>>44511178 #>>44511684 #>>44511936 #>>44516884 #
caesil ◴[] No.44510834[source]
If you actually bother to click through and read the article, you'd find the court expressed sympathies with the intent of the rule, but the FTC "is required to conduct a preliminary regulatory analysis when a rule has an estimated annual economic effect of $100 million or more", and they did not do that.

The blame here belongs to the FTC for its rushed and sloppy process that put the rule on shaky ground legally.

replies(11): >>44510991 #>>44511010 #>>44511221 #>>44511297 #>>44511415 #>>44512154 #>>44512286 #>>44512289 #>>44514076 #>>44514547 #>>44518196 #
1. exabrial ◴[] No.44511010{3}[source]
^ This.

A shoddy implementation would just mean later problems. Hopefully the FTC gets the memo and does it "the right way" to make it watertight, otherwise people will just get away with doing whatever they want.