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.

On Nov 25, 12:42 pm, wrote:
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.

True enough. However, perhaps this would buy some time to get our "do
nothing right" Dem congress to actually do the right things. This
will not ahppen because Pelosi, Reid, Frank and Dodd have a vested
interest in doing the wrong things.

"Frogwatch" wrote in message
...
On Nov 25, 12:42 pm, wrote:
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.

True enough. However, perhaps this would buy some time to get our "do
nothing right" Dem congress to actually do the right things. This
will not ahppen because Pelosi, Reid, Frank and Dodd have a vested
interest in doing the wrong things.


Related subject:

Recently heard some disturbing news. Of the "renegotiated mortgages" done
to ease the pain in the past 3 months, 50 per cent of them are now in
default again.

Eisboch