After decades of complaints, consumers will finally get some relief from obnoxiously loud TV commercials.
The Federal Communications Commission on Tuesday established new regulations designed to prevent commercials from making your ears bleed. The new rules don’t take effect for a year, but it’s good to know relief is on the way.
Government regulation is often critized as being too intrusive, but I suspect these rules will be widely praised by politicians and consumers.
It looks like the Republicans finally grew tired of being on the wrong side of public opinion. Some sort of financial regulation reform is likely now that the GOP has given up on a filibuster.
The next question is will the Democrats produce a bill that actually works.
Here’s more perspective.
Fox Business News: US Senate clears hurdle on financial-overhaul bill
CNN: GOP ends filibuster blocking financial reform debate
The New York Times: Republicans Allow Debate on Financial Overhaul
With financial regulation reform the next big thing coming out of Washington, I thought it would be fun to watch that oldie, but goodie — “Wall Street.” Great movie.
Michael Douglas as Wall Street raider Gordon Gekko delivered one of the classic lines of cinema history –“Greed, for the lack of a better word, is good. Greed is right. Greed works.”
Gekko’s doublespeak carried the day in that scene, but by the end of the movie good triumphed over evil.
Will the same be said when the current battle over financial reform ends?