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virginiakid
01-25-2008, 03:19 PM
Executive Order 12631--Working Group on Financial Markets

Source: The provisions of Executive Order 12631 of Mar. 18, 1988, appear at 53 FR 9421, 3 CFR, 1988 Comp., p. 559, unless otherwise noted.

By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows:

Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of:
(1) the Secretary of the Treasury, or his designee;
(2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee;
(3) the Chairman of the Securities and Exchange Commission, or his designee; and
(4) the Chairman of the Commodity Futures Trading Commission, or her designee.
(b) The Secretary of the Treasury, or his designee, shall be the Chairman of the Working Group.
Sec. 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and
(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.
(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes.
Sec. 3. Administration. (a) The heads of Executive departments, agencies, and independent instrumentalities shall, to the extent permitted by law, provide the Working Group such information as it may require for the purpose of carrying out this Order.
(b) Members of the Working Group shall serve without additional compensation for their work on the Working Group.
(c) To the extent permitted by law and subject to the availability of funds therefore, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions.

virginiakid
01-25-2008, 03:21 PM
A presidential candidate should know about this group especially if it has been around since 1988 by executive order. McCain showed his ignorance and Paul showed his brilliance.

ihsv
01-25-2008, 03:24 PM
McCain showed his ignorance. But will the sheep notice?

RonPaul_SantaMonica
01-25-2008, 03:26 PM
McCain showed his ignorance. But will the sheep notice?

yes. Just spoke to someone who kinda mocks me for supporting RP. He said he realized that McCain was full fo shit and Dr. Paul made him look like an idiot :)

virginiakid
01-25-2008, 04:25 PM
Well looks like US NEWS and World Report picked up on it.

http://www.usnews.com/blogs/capital-commerce/2008/1/25/mccain-paul-and-the-plunge-protection-team.html?msg=1

Grandson of Liberty
01-25-2008, 04:30 PM
Well looks like US NEWS and World Report picked up on it.

http://www.usnews.com/blogs/capital-commerce/2008/1/25/mccain-paul-and-the-plunge-protection-team.html?msg=1

Excellent.

unconsious767
01-25-2008, 04:38 PM
A presidential candidate should know about this group especially if it has been around since 1988 by executive order. McCain showed his ignorance and Paul showed his brilliance.

I was there.

You were there ! :D


Heck, maybe he's getting senile

AlbemarleNC0003
01-25-2008, 04:41 PM
I was there.

You were there ! :D


Heck, maybe he's getting senile

getting? Got. :D

virginiakid
01-25-2008, 04:53 PM
You cannot be serious? McCain getting/got senile? What is in it for McCain I wonder?

Mystile
01-25-2008, 04:58 PM
McCain, as well as the majority of Congress, just don't have a damn clue about economics. We're talking extreme liberal arts majors here. (No offense intended to liberal arts majors:D)