VRM, in alignment with your tacit observations, I don't believe Obama is blameless; the policies he cleaves to are well-known and - by extension - handed down to those who work for him. Does this include Mr. McCray? We can deflect all we want, but coincidence frequently has its' basis in fact.
That the federal code began with Eisenhower and gained enforcement with Reagan is noted - that there appears to have been some regulatory slippage under the Bush regime is also. Enforcing essentially pointless laws shouldn't be observed as an acme of competency; on the contrary, eliminating them should. And Lord knows our government doesn't arbitrarily apply the laws on the books
. That a useless law - as this one plainly is - got ignored for several years
could be observed as pragmatic - but then, it could also be observed as slipshod and careless. All depends on your perspective of what's important, which is pretty interesting as it relates to Mr. Obama.
Nope - not gonna try to change the law; besides, there's plenty of time past those 10 days to make that change. In regard to the technical issues, surely there must not be a way past them, as you so cunningly observe
.
However, the market......ahh, who knows.
-Roger