MBS Week Ahead: The Italy Paradox

Posted To: MBS Commentary

Let's use US politics and Congress to help us understand Italian politics. Imagine that Libertarians and Independents actually won enough seats to compete with our 2 main parties. Imagine there are a few other parties as well (also occasionally competitive). If the US were Italy, our most critical elections would be those of Congresspeople. Congress would vote for President instead of the public, and the governing cabinet would be chosen by the Congressional party that got enough votes. If the top party didn't hold a majority of the seats, they could form a coalition with any other party and then proceed to govern the country as they saw fit. At least they COULD govern if the president approved of their selection for Prime Minister and other key positions. In Italy's case this weekend...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily https://ift.tt/2L21kye