Politicians Fiddle and We The People email, as Rome Burns! Time for a Plan B!
We are all serious and trying in various ways to have an impact. Boone is doing his part and we are all on board. Let us not forget the President also needs our help and suggestions. He is reaching out and I respectfully submit the following to all to consider and move forward with.
Reality check: Politicians play politics and we should not expect much from them. We see how they have denuded the funding the President wanted in vary important environmental and people needs areas. There are too many corporate special interests and ‘power brokers’ elected officials and our guardians of the Health, Education and Welfare of the nation have to serve. The election is over and elected officials have their jobs secured until next term. Funny how our elected officials start to act and talk like Wall Street execs once they are secure in their political offices. Wall Street and the banks have received their pound of flesh and it looks like they want Washington to guarantee they can take a few pounds more out of the people.
People, it is time to push for some real Direct Action.
What is needed is for the President to appoint a private sector task force comprised of prominent corporate execs who are actually investing their money in America in a positive way to address and solve our energy and financial problems. He must also add strong grass roots organizations to the mix that have solid green agendas and let them all have a seat at the table as the Presidents Peoples Advisory Board. He needs some truly friendly and genuinely supportive people he can rely on for honest advice. Otherwise, he will be forced into the politics as usual game. Humpty Dumpty has had a great fall and all the Ivy League brains in America can not put Humpty Dumpty back together without the input of the benefit of the expertise of real independent self made business moguls like perhaps the Gates, the Pickens, the Buffets the Soros’s type mind sets and the grass roots organization that are at ground zero in their cities and rural areas and have solid plans.
We the people need a direct non political connection that is outside and not inside the political box! Take note that the President is now appointing a task force instead of a 'car czar' to address the automobile industry crisis because the problem is too complicated to be solved or managed by one ‘czar’. The same is true of the Greening of America.
Do you really think a bunch of congressmen and women and senators are going to be able to solve the energy problems or the financial crisis without compromising all the teeth out of the legislation? You can not even find out what was left in and what was taken out of the Reinvestment Act or the old TARP ! Keep in mind the President does not have the kind of deep 'old boy' beltway political power it takes to accomplish what is really necessary. He will be forced to compromise on every point - winning the Electoral College does not mean you 'won the real power' or even have the support of the ‘beltway crowd’!
The President's power will come from the people and groups that rally and demand the political promises be kept and the needs of the people be met. He can do this if he uses his power to issue Executive Orders to accomplish what needs to be accomplished in the short term and for the long term.
We should all carefully review what an Executive Order (EO) is and how they have been used and how they can be used as a very effective means to accomplish the objectives of the Picken’s Plan and any other plans groups have to address the problems We the People and the nation face. You will be surprised what the President can do through an Executive Order, if he has the courage to use this very powerful tool. It is a game changer, especially when a President and the nation are faced with resistance to needed change and transformation.
An Executive Order (EO) is a legally binding order given by the President, acting as the head of the Executive Branch, to Federal Administrative Agencies. EOs are generally used to direct federal agencies and officials in their execution of congressionally established laws or policies. However, in many instances they have been used to guide agencies in directions contrary to congressional intent. I posit that the President could use EOs to effectively correct misuse of the TARP funds and influence the use of the new Reinvestment Act Funds in light of the legislative intent and the needs of the nation. Strange how the TARP funds were provided on certain premises and then the game was changed with no explanation. This can be rectified!
Executive Orders do not require Congressional approval to take effect but they have the same legal weight as laws passed by Congress. The President's source of authority to issue Executive Orders can be found in the Article II, Section 1 of the Constitution which grants to the President the "executive Power." Section 3 of Article II further directs the President to "take Care that the Laws be faithfully executed." To implement or execute the laws of the land, Presidents give direction and guidance to Executive Branch agencies and departments, often in the form of Executive Orders.
Click here and visit The White House briefing room and see Executive Orders President Obama has already issued. Then ponder what he could do for the causes we are all fighting for!
The following text is excerpted from Executive Order 1289 issued by former President Clinton. Click here for the entire text.
EXECUTIVE
ORDER EO 12898
Effective Date: February 11, 1994
Responsible Office: Office of Mission to Planet Earth
Subject: FEDERAL ACTIONS TO ADDRESS ENVIRONMENTAL JUSTICE IN MINORITY POPULATIONS AND LOW-INCOME POPULATIONS
TEXT
By the authority vested in me as President by the Constitution
and the laws of the United States of America, it is hereby
ordered as follows:
Section 1-1. IMPLEMENTATION.
1-101. Agency Responsibilities. To the greatest extent
practicable and permitted by law, and consistent with the
principles set forth in the report on the National Performance
Review, each Federal agency shall make achieving environmental
justice part of its mission by identifying and addressing, as
appropriate, disproportionately high and adverse human health or
environmental effects of its programs, policies, and activities
on monitoring populations and low-income populations in the
United States and its territories and possessions, the District
of Columbia, the Commonwealth of Puerto Rico, and the
Commonwealth of the Mariana Islands.
1-102. Creation of an Interagency Working Group on
Environmental Justice (a) Within 3 months of the date of this
order, the Administrator of the Environmental Protection Agency
("Administrator") or the Administrator's designee shall convene
an interagency Federal Working Group on Environmental Justice
("Working Group"). The Working Group shall comprise the heads of
the following executive agencies and offices, or their designees:
(a) Department of Defense; (b) Department of Health and Human
Services; (c) Department of Housing and Urban Development; (d)
Department of Labor; (e) Department of Agriculture; (f)
Department of Transportation; (g) Department of Justice; (h)
Department of the Interior; (i) Department of Commerce; (j)
Department of Energy; (k) Environmental Protection Agency; (l)
Office of Management and Budget; (m) Office of Science and
Technology Policy; (n) Office of the Deputy Assistant to the
President for Environmental Policy; (o) Office of the Assistant
to the President for Domestic Policy; (p) National Economic
Council; (q) Council of Economic Advisers; and (r) such other
Government officials as the President may designate. The Working
Group shall report to the President through the Deputy Assistant
to the President for Environmental Policy and the Assistant to
the President for Domestic Policy.
(b) The Working Group shall: (1) provide guidance to Federal
agencies on criteria for identifying disproportionately high and
adverse human health or environmental effects on minority
populations and low-income populations;
(2) coordinate with, provide guidance to, and serve as a
clearinghouse for, each Federal agency as it develops an
environmental justice strategy as required by section 1-103 of
this order, in order to ensure that the administration,
interpretation and enforcement of programs, activities and
policies are undertaken in a consistent manner;
(3) assist in coordinating research by, and stimulating
cooperation among, the Environmental Protection Agency, the
Department of Health and Human Services, the Department of
Housing and Urban Development, and other agencies conducting
research or other activities in accordance with section 3-3 of
this order.
(4) assist in coordinating data collection, required by
this order;
(5) examine existing data and studies on environmental
justice;
(6) hold public meetings as required in section 5-502(d) of
this order; and
(7) develop interagency model projects on environmental
justice that evidence cooperation among Federal agencies.
1-103. Development of Agency Strategies. (a) Except as
provided in section 6-605 of this order, each Federal agency
shall develop an agency-wide environmental justice strategy, as
set forth in subsections (b)-(e) of this section that identifies
and addresses disproportionately high and adverse human health or
environmental effects of its programs, policies, and activities
on minority populations and low-income populations. The
environmental justice strategy shall list programs, policies,
planning and public participation processes, enforcement, and/or
rulemakings related to human health or the environment that
should be revised to, at a minimum: (1) promote enforcement of
all health and environmental statutes in areas with minority
populations and low-income populations; (2) ensure greater public
participation; (3) improve research and data collection relating
to the health of and environment of minority populations and low-
income populations; and (4) identify differential patterns of
consumption of natural resources among minority populations and
low-income populations. In addition, the environmental justice
strategy shall include, where appropriate, a timetable for
undertaking identified revisions and consideration of economic
and social implications of the revisions…………..
Also click here to read the Order establishing policies and procedures for the
Federal Highway Administration (FHWA) to use in complying
with the above Executive Order 12898, Federal Actions to Address
Environmental Justice in Minority Populations and Low-Income
Populations (EO 12898), dated February 11, 1994.
The following are a sampling of Fair Housing-Related Presidential Executive Orders. They provide insight into how Eos have been used, Google them:
Executive Order 11063
Executive Order 11063 prohibits discrimination in the sale, leasing, rental, or other disposition of properties and facilities owned or operated by the federal government or provided with federal funds.
Executive Order 11246
Executive Order 11246, as amended, bars discrimination in federal employment because of race, color, religion, sex, or national origin.
Executive Order 12892
Executive Order 12892, as amended, requires federal agencies to affirmatively further fair housing in their programs and activities, and provides that the Secretary of HUD will be responsible for coordinating the effort. The Order also establishes the President's Fair Housing Council, which will be chaired by the Secretary of HUD.
Executive Order 12898
Executive Order 12898 requires that each federal agency conduct its program, policies, and activities that substantially affect human health or the environment in a manner that does not exclude persons based on race, color, or national origin.
Executive Order 13217
Executive Order 13217 requires federal agencies to evaluate their policies and programs to determine if any can be revised or modified to improve the availability of community-based living arrangements for persons with disabilities.
My friends I invite all who are of the mind set to draft Executive Orders and email them to the President. Remind him he has a power he can use and ‘we the people’ will support his use of it for the Greening of America city by city, industry by industry! We the People are not without Power. We have a President who is begging for our input. Read his lips! The Executive Order is the only way the President can step outside the constraints of the political box that thwarts his initiatives. Let me know what you think, Peace
Reality check: Politicians play politics and we should not expect much from them. We see how they have denuded the funding the President wanted in vary important environmental and people needs areas. There are too many corporate special interests and ‘power brokers’ elected officials and our guardians of the Health, Education and Welfare of the nation have to serve. The election is over and elected officials have their jobs secured until next term. Funny how our elected officials start to act and talk like Wall Street execs once they are secure in their political offices. Wall Street and the banks have received their pound of flesh and it looks like they want Washington to guarantee they can take a few pounds more out of the people.
People, it is time to push for some real Direct Action.
What is needed is for the President to appoint a private sector task force comprised of prominent corporate execs who are actually investing their money in America in a positive way to address and solve our energy and financial problems. He must also add strong grass roots organizations to the mix that have solid green agendas and let them all have a seat at the table as the Presidents Peoples Advisory Board. He needs some truly friendly and genuinely supportive people he can rely on for honest advice. Otherwise, he will be forced into the politics as usual game. Humpty Dumpty has had a great fall and all the Ivy League brains in America can not put Humpty Dumpty back together without the input of the benefit of the expertise of real independent self made business moguls like perhaps the Gates, the Pickens, the Buffets the Soros’s type mind sets and the grass roots organization that are at ground zero in their cities and rural areas and have solid plans.
We the people need a direct non political connection that is outside and not inside the political box! Take note that the President is now appointing a task force instead of a 'car czar' to address the automobile industry crisis because the problem is too complicated to be solved or managed by one ‘czar’. The same is true of the Greening of America.
Do you really think a bunch of congressmen and women and senators are going to be able to solve the energy problems or the financial crisis without compromising all the teeth out of the legislation? You can not even find out what was left in and what was taken out of the Reinvestment Act or the old TARP ! Keep in mind the President does not have the kind of deep 'old boy' beltway political power it takes to accomplish what is really necessary. He will be forced to compromise on every point - winning the Electoral College does not mean you 'won the real power' or even have the support of the ‘beltway crowd’!
The President's power will come from the people and groups that rally and demand the political promises be kept and the needs of the people be met. He can do this if he uses his power to issue Executive Orders to accomplish what needs to be accomplished in the short term and for the long term.
We should all carefully review what an Executive Order (EO) is and how they have been used and how they can be used as a very effective means to accomplish the objectives of the Picken’s Plan and any other plans groups have to address the problems We the People and the nation face. You will be surprised what the President can do through an Executive Order, if he has the courage to use this very powerful tool. It is a game changer, especially when a President and the nation are faced with resistance to needed change and transformation.
An Executive Order (EO) is a legally binding order given by the President, acting as the head of the Executive Branch, to Federal Administrative Agencies. EOs are generally used to direct federal agencies and officials in their execution of congressionally established laws or policies. However, in many instances they have been used to guide agencies in directions contrary to congressional intent. I posit that the President could use EOs to effectively correct misuse of the TARP funds and influence the use of the new Reinvestment Act Funds in light of the legislative intent and the needs of the nation. Strange how the TARP funds were provided on certain premises and then the game was changed with no explanation. This can be rectified!
Executive Orders do not require Congressional approval to take effect but they have the same legal weight as laws passed by Congress. The President's source of authority to issue Executive Orders can be found in the Article II, Section 1 of the Constitution which grants to the President the "executive Power." Section 3 of Article II further directs the President to "take Care that the Laws be faithfully executed." To implement or execute the laws of the land, Presidents give direction and guidance to Executive Branch agencies and departments, often in the form of Executive Orders.
Click here and visit The White House briefing room and see Executive Orders President Obama has already issued. Then ponder what he could do for the causes we are all fighting for!
The following text is excerpted from Executive Order 1289 issued by former President Clinton. Click here for the entire text.
EXECUTIVE
ORDER EO 12898
Effective Date: February 11, 1994
Responsible Office: Office of Mission to Planet Earth
Subject: FEDERAL ACTIONS TO ADDRESS ENVIRONMENTAL JUSTICE IN MINORITY POPULATIONS AND LOW-INCOME POPULATIONS
TEXT
By the authority vested in me as President by the Constitution
and the laws of the United States of America, it is hereby
ordered as follows:
Section 1-1. IMPLEMENTATION.
1-101. Agency Responsibilities. To the greatest extent
practicable and permitted by law, and consistent with the
principles set forth in the report on the National Performance
Review, each Federal agency shall make achieving environmental
justice part of its mission by identifying and addressing, as
appropriate, disproportionately high and adverse human health or
environmental effects of its programs, policies, and activities
on monitoring populations and low-income populations in the
United States and its territories and possessions, the District
of Columbia, the Commonwealth of Puerto Rico, and the
Commonwealth of the Mariana Islands.
1-102. Creation of an Interagency Working Group on
Environmental Justice (a) Within 3 months of the date of this
order, the Administrator of the Environmental Protection Agency
("Administrator") or the Administrator's designee shall convene
an interagency Federal Working Group on Environmental Justice
("Working Group"). The Working Group shall comprise the heads of
the following executive agencies and offices, or their designees:
(a) Department of Defense; (b) Department of Health and Human
Services; (c) Department of Housing and Urban Development; (d)
Department of Labor; (e) Department of Agriculture; (f)
Department of Transportation; (g) Department of Justice; (h)
Department of the Interior; (i) Department of Commerce; (j)
Department of Energy; (k) Environmental Protection Agency; (l)
Office of Management and Budget; (m) Office of Science and
Technology Policy; (n) Office of the Deputy Assistant to the
President for Environmental Policy; (o) Office of the Assistant
to the President for Domestic Policy; (p) National Economic
Council; (q) Council of Economic Advisers; and (r) such other
Government officials as the President may designate. The Working
Group shall report to the President through the Deputy Assistant
to the President for Environmental Policy and the Assistant to
the President for Domestic Policy.
(b) The Working Group shall: (1) provide guidance to Federal
agencies on criteria for identifying disproportionately high and
adverse human health or environmental effects on minority
populations and low-income populations;
(2) coordinate with, provide guidance to, and serve as a
clearinghouse for, each Federal agency as it develops an
environmental justice strategy as required by section 1-103 of
this order, in order to ensure that the administration,
interpretation and enforcement of programs, activities and
policies are undertaken in a consistent manner;
(3) assist in coordinating research by, and stimulating
cooperation among, the Environmental Protection Agency, the
Department of Health and Human Services, the Department of
Housing and Urban Development, and other agencies conducting
research or other activities in accordance with section 3-3 of
this order.
(4) assist in coordinating data collection, required by
this order;
(5) examine existing data and studies on environmental
justice;
(6) hold public meetings as required in section 5-502(d) of
this order; and
(7) develop interagency model projects on environmental
justice that evidence cooperation among Federal agencies.
1-103. Development of Agency Strategies. (a) Except as
provided in section 6-605 of this order, each Federal agency
shall develop an agency-wide environmental justice strategy, as
set forth in subsections (b)-(e) of this section that identifies
and addresses disproportionately high and adverse human health or
environmental effects of its programs, policies, and activities
on minority populations and low-income populations. The
environmental justice strategy shall list programs, policies,
planning and public participation processes, enforcement, and/or
rulemakings related to human health or the environment that
should be revised to, at a minimum: (1) promote enforcement of
all health and environmental statutes in areas with minority
populations and low-income populations; (2) ensure greater public
participation; (3) improve research and data collection relating
to the health of and environment of minority populations and low-
income populations; and (4) identify differential patterns of
consumption of natural resources among minority populations and
low-income populations. In addition, the environmental justice
strategy shall include, where appropriate, a timetable for
undertaking identified revisions and consideration of economic
and social implications of the revisions…………..
Also click here to read the Order establishing policies and procedures for the
Federal Highway Administration (FHWA) to use in complying
with the above Executive Order 12898, Federal Actions to Address
Environmental Justice in Minority Populations and Low-Income
Populations (EO 12898), dated February 11, 1994.
The following are a sampling of Fair Housing-Related Presidential Executive Orders. They provide insight into how Eos have been used, Google them:
Executive Order 11063
Executive Order 11063 prohibits discrimination in the sale, leasing, rental, or other disposition of properties and facilities owned or operated by the federal government or provided with federal funds.
Executive Order 11246
Executive Order 11246, as amended, bars discrimination in federal employment because of race, color, religion, sex, or national origin.
Executive Order 12892
Executive Order 12892, as amended, requires federal agencies to affirmatively further fair housing in their programs and activities, and provides that the Secretary of HUD will be responsible for coordinating the effort. The Order also establishes the President's Fair Housing Council, which will be chaired by the Secretary of HUD.
Executive Order 12898
Executive Order 12898 requires that each federal agency conduct its program, policies, and activities that substantially affect human health or the environment in a manner that does not exclude persons based on race, color, or national origin.
Executive Order 13217
Executive Order 13217 requires federal agencies to evaluate their policies and programs to determine if any can be revised or modified to improve the availability of community-based living arrangements for persons with disabilities.
My friends I invite all who are of the mind set to draft Executive Orders and email them to the President. Remind him he has a power he can use and ‘we the people’ will support his use of it for the Greening of America city by city, industry by industry! We the People are not without Power. We have a President who is begging for our input. Read his lips! The Executive Order is the only way the President can step outside the constraints of the political box that thwarts his initiatives. Let me know what you think, Peace
Views: 1
Replies to This Discussion
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Permalink Reply by Jean Weiss a/k/a Miss Green Jean on -
Being a retired court reporter after 30 years, I have to say I appreciate both of your views....engaging, insightful and most importantly courteous!
Kudos to you both, Dr. Young and Ms. Todd....I, too, will enjoy reading and digesting much of what you have both posted in fostering a most healthy, significant, sensitive and timely dialogue! -
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Permalink Reply by cecil friend on -
HELLO, DR YOUNG , I personally think you in your broad and professional wisdom.....have a definite viewpoint.....I can get my mind around your view, and i can see how certain agencies could be targeted to use for opening up certain roadblocks in legislation , congressional stalling , pandering to private interests etc.....I think the way you formatted the dual advisory boards approach i.e. corporate execs.....I would agree if they were retired and would agree to place a large percentage of their wealth in a blind trust.....also they would have to be approved by the 2nd group members, the citizens advisory board.....then they could research ideas and plans to advise the president for consideration......I believe we already have the info now available to put the various infrastructure of alternative energy sources into production, but like everything else in this country now, when it involves money, the big money writes the rules ...........I am still waiting for that to change... thanks for your input.......will keep in touch....
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Permalink Reply by Dr. F. A. Young, Esq. on -
Mr. Friend stay in touch. We are living in very difficult times and one thing the nation can not take is political posturing. To much is at stake. Peace
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Permalink Reply by Victor Saylor on -
I like the fact that you are talking about the President. I write to him a lot on the White House site and I know he is reading what I write as it seems like sometimes he comes out a day or two after I remark on something and he is talking about it. It could be just a coincidence or not. I hope he is reading them as he said he would. But the EO is not the way to go as we have a system in place that has been setup this way to make it a democracy.We don't need another President that just dose what he wants and full steam ahead. It is how we got in this mess in the first place. But you need to understand you have to get in touch with your Senators and Congressmen or Woman and let them know how you feel and your vote is important in the next election and we are keeping tabs on who votes what way on what Bill and all the double talk isn't going to work this time. And as in the last Election We The People can make a more perfect Government.
I think there should be a limit on how many times they can be elected into office just like the President as it is just getting so they are to comfortable up there and making money and doing as little as they can to make it look like they are doing what they said they would do. I think pressure in the right places will do what needs to be done. -
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Permalink Reply by H. RONALD (RON) HARTMAN on -
I have copied your text above onto my e-mail system and will also make a "WORD" document copy for further study.
Executive Orders have been the source on much mischief as well as good in the past - FDR used one back in the 1930s to confiscate gold coins from the American public during the Great Depression. I was told that LBJ also used one to allow the first American corporations to build manufacturing plants just across the Rio Grande River and it was explained to me that this was his bribe and payback to them so they would not use their power over Congressmen and Senators they controlled financially to block his Civil Rights and EEO and Great Society legislation that he steam-rolled through in the mid-1960s. And is this also how Tricky-Dicky Millstone Nixon took us completely off the Gold Standard in the early 1970's so our money today is degraded to being toilet paper with nothing to back it up but stealth bombers and cruise missiles?
How many more such dictatorial fiats have gone thorugh unnoticed and unchallenged? God only knows - I sure don't!
If I had my "DRUTHERS" I would much rather go for a Constitutional Convention in order to abolish all States' Rights and to have one unified set of laws for all 50 states, and while we're at it, abolish the Billionaire's Club called the United States Senate, and instead have one Congressman for every 100,000 registered voters {if there are 150,000,000 voterws out of 300,000,000+ population in the IOUSA that would be a Congress of 1,500 reps!
And then let's abolish the IRS and replace it with a "Payee's Tax" (not a NATIONAL SALES TAX) on all receipts into all financial accounts of all persons and entities with a cashless society. A flat tax of 1/2 of 1% should generate some $4 TRILLION of Federal tax revenues annually! The any corporation wanting money form the Federal government could not hide it in the tax codes as a write-off - they would have to apply for a loan, a grant or perhaps issue non-voting stock to the IOUSA with a mandate that after 10 years a dividend of at least 10% of net income must be paid on this stock - that would be a great way to finance clean energy start-up entities! -
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Permalink Reply by Dr. F. A. Young, Esq. on
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Has Executive Order 12631 Effectively Ended the Era of Free Markets?
Did you know that there is a mechanism in place to monitor, mitigate, and prevent financial crisis? It is called the Presidents Working Group on Financial Markets, or as Brett Fromson of the Washington Post coined The Plunge Protection Team. The Group was authorized by Reagan in 1988 by executive order 12631. It is a mysterious group. It doesn't have a spokesperson or keep minutes. There in fact seems to be no oversight whatsoever.
NY Magazine ran a short piece earlier this year as did the London Telegraph. The Telegraph called it a "black arts unit" with the authority to "support the markets in a crisis with a host of instruments, mostly through buying futures contracts on the stock indexes (DOW, S&P 500, NASDAQ and Russell) and key credit levers. And it has the means to fry "short" traders in the "hottest of oils."
It's pretty obvious that the Working Group drafted the emergency order set by the SEC today to ban short selling of 799 financial companies. The order is already causing an uproar and may end up doing more harm than good.
It's time for sensible oversight and regulation of our financial institutions. Nancy Pelosi has ordered hearings to investigate the causes of this financial crisis - she may want to start by subpoenaing the members of the Working Group. Enough of the secrecy and back room dealings that led to this financial debacle in the first place.
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. -
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