Episode 237: Can the CDC Mandate Moratoriums?
Words & Numbers
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The State Legislatures Get to Do It - It's an Emergency
The moratorium steps in and breaks that contract effectively after the fact altering the terms of the thing, he says. In a 1934 case called Home Building and Loan Association v. Blaise Dell, Minnesota altered the duration during which banks could foreclose on loans. "I have jokingly referred to this as the give-a-mouse-a-cookie form of government," O'Mara says.
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