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Comment by CharlieDigital | Hacker News Reader

    > 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...

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Do we still have three separate branches?

We 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.

Frank-Dodd wasn't nearly as strict as the post-1929 regulation (Glass-Steagall act) that actually prevented such crisies for half a century.

Sure, but is that Obama's fault? See GP

If it wasn't in his power to toughen regulation, why did he promise it in his campaign?

So 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.

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