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Trump DOJ confirms they will ask SCOTUS to overrule Humphrey’s Executor rather than defend independent agencies / multi member commissions like the FTC, etc.
(So they’re arguing Trump can fire the boards and commissioners that lead these agencies)
If they overrule Humphrey's, the Fed will be vulnerable. A few thoughts: (1) If SCOTUS doesn't gut Humphrey's (unlikely), it will be because they're concerned about the Fed. They recently rejected a constitutional challenge to the CFPB that would have jeopardized Fed funding, too- in part for that reason.
It's also possible SCOTUS tries to write an opinion that artificially carves out the Fed - or at least drops a footnote that makes clear that would be a separate case; and possible that, in that future case, they would make something up to protect the Fed -like insisting they (The Fed) don't/doesn't exercise significant executive authority. But it would probably be an exception good for that entity only - and made up.
It's also possible they just say "#^&#^&#^&#^& it, let's do it! (global economic turmoil & a great recession/depression)" Especially if R officials aren't sounding alarms....
Remember for Billionaires, economic downturns are an opportunity unlike the average American who loses the wealth that the billionaires gain.
Posted from my iPhone/Mobile device
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