Tom Wheeler: “We have two responsibilities--to adhere to the statute and not to be stupid.”

We just had a $51 million judgment against a company called Total Call Mobile which was engaged in virulent fraud.

It is hard to understate the seriousness of something like this for two reasons. One, as has been pointed out, this is the people's money.

Let me be clear. The FCC will not impose utility-style regulation.

We must be vigilant. What we have been doing, as I said before, is playing Whac-a-Mole on this.