[ARCHIVED THREAD] - Executive orders

Posted: 10/6/2008 6:35:06 AM EDT

Can the president sign an executive order telling banks they have to loan to people with a high credit score, and if he could, would that be a bad thing? Don't flame me I'm just wondering.

Posted: 10/6/2008 6:54:16 AM EDT

[#1]

IIRC, the "War and Emergency Powers Act" really has no limits on Presidential power.

Frankly, that is the most dangerous piece of legislation ever passed in the US.

Did you know we have been in a "State of Emergency" since 1933?

Posted: 10/6/2008 6:59:22 AM EDT

[#2]

Quoted:
Can the president sign an executive order telling banks they have to loan to people with a high credit score, and if he could, would that be a bad thing? Don't flame me I'm just wondering.

Nobody should flame you for this post. They have to have funds to loan - that's the issue.

Luck
Alac

Posted: 10/6/2008 7:01:52 AM EDT

[#3]

Quoted:
Can the president sign an executive order telling banks they have to loan to people with a high credit score, and if he could, would that be a bad thing? Don't flame me I'm just wondering.

No, not without legislation authorizing it. He can't even tell the Fed Chairman what to do.

Posted: 10/6/2008 7:03:23 AM EDT

[#4]

Quoted:
IIRC, the "War and Emergency Powers Act" really has no limits on Presidential power.

Frankly, that is the most dangerous piece of legislation ever passed in the US.

Did you know we have been in a "State of Emergency" since 1933?

en.wikipedia.org/wiki/Youngstown_Sheet_%26_Tube_Co._v._Sawyer

Posted: 10/6/2008 7:57:48 AM EDT

[#5]

Can a new president sign an executive order to release all the bush documents 15 yers eraly?

[ARCHIVED THREAD] - Executive orders

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[ARCHIVED THREAD] - Executive orders

[ARCHIVED THREAD] - Executive orders