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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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