Google has consented to the entry of a proposed Agreement Containing Consent Order with the US Federal Trade Commission, subjecting the company to sweeping government oversight of its privacy disclosure and product development and release practices, nominally arising out of the roll-out of its Buzz product in February 2010. The auditing and reporting requirements are staggering in scope, breadth and duration, reaching Google’s entire business, not merely online communication products such as Gmail. One interpretation of the (rather amazing) document…