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POTUS signs exec order he's never previously read & he doesn't know the name of lady who wrote it (Original Post) kpete Feb 2017 OP
This is crazy. madaboutharry Feb 2017 #1
doubt if he could read it. Even if he could he certainly couldn't understand it. rurallib Feb 2017 #2
Does she have a name? To dress like a woman WhiteTara Feb 2017 #7
"What a sweet gig this is!" Binders Keepers Feb 2017 #3
Sort of like a half-asleep parent signing a permission slip at the last minute democrank Feb 2017 #4
Ah here we go - Presidential Memorandum on Fiduciary Duty Rule jmg257 Feb 2017 #5
What would happen if someone ProudLib72 Feb 2017 #6
Lol, that would be awesome. Poetic justice. Dark n Stormy Knight Feb 2017 #9
He is the "Pen". CentralMass Feb 2017 #8
Obama and Biden should have taken all the pens with them NoGoodNamesLeft Feb 2017 #10

rurallib

(62,423 posts)
2. doubt if he could read it. Even if he could he certainly couldn't understand it.
Fri Feb 3, 2017, 09:53 PM
Feb 2017

And the important thing about the woman who wrote it is - Does she dress like a woman?

WhiteTara

(29,718 posts)
7. Does she have a name? To dress like a woman
Fri Feb 3, 2017, 11:03 PM
Feb 2017

(in his book) she needs to be a 10 and she is barely a 3.

Binders Keepers

(369 posts)
3. "What a sweet gig this is!"
Fri Feb 3, 2017, 09:55 PM
Feb 2017

"All I have to do is sit here and sign whatever they bring to me, then show it around the room! Easy as pie!"

democrank

(11,096 posts)
4. Sort of like a half-asleep parent signing a permission slip at the last minute
Fri Feb 3, 2017, 10:00 PM
Feb 2017

for their child's field trip they know absolutely nothing about.

jmg257

(11,996 posts)
5. Ah here we go - Presidential Memorandum on Fiduciary Duty Rule
Fri Feb 3, 2017, 10:01 PM
Feb 2017

Presidential Memorandum on Fiduciary Duty Rule

MEMORANDUM FOR THE SECRETARY OF LABOR

SUBJECT: Fiduciary Duty Rule

One of the priorities of my Administration is to empower Americans to make their own financial decisions, to facilitate their ability to save for retirement and build the individual wealth necessary to afford typical lifetime expenses, such as buying a home and paying for college, and to withstand unexpected financial emergencies

One of the priorities of my Administration is to empower Americans to make their own financial decisions, to facilitate their ability to save for retirement and build the individual wealth necessary to afford typical lifetime expenses, such as buying a home and paying for college, and to withstand unexpected financial emergencies

Term "Fiduciary"; Conflict of Interest Rule Retirement Investment Advice, 81 Fed. Reg. 20946 (April 8, 2016) (Fiduciary Duty Rule or Rule), may significantly alter the manner in which Americans can receive financial advice, and may not be consistent with the policies of my Administration.

Accordingly, by the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby direct the following:

Section 1. Department of Labor Review of Fiduciary Duty Rule. (a) You are directed to examine the Fiduciary Duty Rule to determine whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice. As part of this examination, you shall prepare an updated economic and legal analysis concerning the likely impact of the Fiduciary Duty Rule, which shall consider, among other things, the following:

(i) Whether the anticipated applicability of the Fiduciary Duty Rule has harmed or is likely to harm investors due to a reduction of Americans' access to certain retirement savings offerings, retirement product structures, retirement savings information, or related financial advice;

(ii) Whether the anticipated applicability of the Fiduciary Duty Rule has resulted in dislocations or disruptions within the retirement services industry that may adversely affect investors or retirees; and

(iii) Whether the Fiduciary Duty Rule is likely to cause an increase in litigation, and an increase in the prices that investors and retirees must pay to gain access to retirement services.

(b) If you make an affirmative determination as to any of the considerations identified in subsection (a) or if you conclude for any other reason after appropriate review that the Fiduciary Duty Rule is inconsistent with the priority identified earlier in this memorandum then you shall publish for notice and comment a proposed rule rescinding or revising the Rule, as appropriate and as consistent with law.

Sec. 2. General Provisions. (a) Nothing in this memorandum shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This memorandum shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c) This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d) You are hereby authorized and directed to publish this memorandum in the Federal Register.

DONALD J. TRUMP

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