MY GOD, It's a no brainer
On Tue, 25 Nov 2008 07:03:50 -0800, Frogwatch wrote:
Executive order that all mortgages must have at least 5% down.
Executive order to eliminate transfers of mortgages to the rest of the
economy (they must be held by a loan company or bank).
Executive order to take over the big 3 auto pension plans paying the
employees 75 cents on the dollar for what they would have gotten with no
cost of living adjustments. If they bitch about, offer em 60 cents on
the dollar and so on till that problem is solved.
Except Congress is the only Constitutional power with the ability to
*make* law. Executive orders are to clarify existing law.
For instance, the first one you propose, the President might be able to
order Fanni and Freddi, but not all the mortgage holders. The other two
you propose, would need to go to Congress, and even then, would most
likely be unconstitutional.
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