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CONTRACTS: Emergency Orders and Delayed/Excused Action

NLRG (National Legal Research Group)

588, 592-93 (1872) (nonperformance excused when occasioned by act of law); see also Sch. while] [o]ther courts simply conclude that the duty to perform is excused or discharged because performance would violate public policy." 2d 342, 345 (2004); see also Restatement (Second) of Contracts § 264 (1981). Harrington v.

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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

More recently, as part of the FHFA’s review, its director said in public that the FHLB System did benefit from the implied guarantee, saying out loud what everyone already knew. It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 19 That was a very significant amount 20 years ago.