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Consequences would be nice, but actually forbidding it for the future would be enough. Obama promised to do it, but didn't, and everybody kind of forgot and mov
by badpun 7mo ago
Consequences would be nice, but actually forbidding it for the future would be enough. Obama promised to do it, but didn't, and everybody kind of forgot and moved on.
- CharlieDigital 7mo ago> Obama promised to do it Do you know how the three branches of government work and who writes the laws? The legislative produced Frank-Dodd...which Trump and Republicans later scaled back...
- fragmede 7mo agoDo we still have three separate branches?
- CharlieDigital 7mo agoWe sure did when Frank-Dodd was written by the legislative and then signed into law by the executive. GP's comment is about the aftermath of 2008, entirely missing the fact that the legislative did in fact create laws which were signed by the executive and then later, in 2018, dismantled under a different administration. It's a matter of simple facts here.
- badpun 7mo agoFrank-Dodd wasn't nearly as strict as the post-1929 regulation (Glass-Steagall act) that actually prevented such crisies for half a century.
- CharlieDigital 7mo agoSure, but is that Obama's fault? See GP
- badpun 7mo agoIf it wasn't in his power to toughen regulation, why did he promise it in his campaign?
- CharlieDigital 7mo agoSo do you or do you not understand how the branches of government work? An executive's promise can only mean "I will sign the bill" because aside from executive orders, legal structures originate from the legislative.