The Federal Trade Commission announced today that it stands ready to take on patent trolls. In a speech at the National Press Club, Commissioner Edith Ramirez made two big announcements. First, she revealed that the FTC will conduct a wide-ranging investigation into the conduct of patent trolls. Second, she confirmed that, when appropriate, the FTC is committed to using its antitrust enforcement powers. This is great news for innovation and very bad news for trolls.