Congress bellyaches about contracts, termination fees

We don't like paying a couple bills to slide out from under a bunk two-year contract any more than the next guy, but at least we're cognizant of the tradeoff: subsidized hardware. Congress this week appears to have taken a special session to discuss state regulation of the wireless industry and turned it into a rant session, with several reps chiming in that termination fees and exclusivity deals (you can probably guess the device in question here) suck. We don't disagree, folks -- really, we don't -- but we hope these lawmakers (mostly rich people, we might add) realize the tradeoff of enforcing any sort of anti-contract, anti-exclusivity legislation will be higher prices on handsets. Naturally, carriers were quick to chime in that they're plenty competitive with one another and there's absolutely no need for any sort of government meddling. Let's start with significantly expanded carrier-subsidized lineups and greater manufacturer-direct unlocked presence before we start worrying about getting rid of contracts, shall we?

[Via AppleInsider, thanks Warren J.]