{"id":1413,"date":"2008-10-15T21:43:20","date_gmt":"2008-10-16T04:43:20","guid":{"rendered":"https:\/\/blogschapman.wpenginepowered.com\/law\/2008\/10\/15\/wall-street-journal-quotes-dean-eastman-on-fdr\/"},"modified":"2008-10-15T21:43:20","modified_gmt":"2008-10-16T04:43:20","slug":"wall-street-journal-quotes-dean-eastman-on-fdr","status":"publish","type":"post","link":"https:\/\/blogs.chapman.edu\/law\/2008\/10\/15\/wall-street-journal-quotes-dean-eastman-on-fdr\/","title":{"rendered":"Wall Street Journal Quotes Dean Eastman on FDR"},"content":{"rendered":"<p>Dean John Eastman was quoted in a <em>Wall Street Journal<\/em> article entitled, \u201cLegal Path for Intervention Was Blazed in FDR\u2019s Time.\u201d\u00a0 The article discusses the recent federal intervention in the financial markets and the trend of the court since the FDR administration.\u00a0 In the article, Dean Eastman makes the argument that the courts should reject the government\u2019s bank plan because the recent federal bailout is \u201cusing tax funds to prop up a particular industry, and isn\u2019t a \u201cnational purpose\u201d as the framers understood.\u201d Dean Eastman acknowledges that such a rejection is unlikely, but also expressed concern that the new plan which gives the Treasury secretary and the Federal Reserve broad discretion may amount to an unconstitutional delegation of congressional authority. <a href=\"http:\/\/online.wsj.com\/article\/SB122402866220234511.html?mod=googlenews_wsj\">Read article\u2026<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dean John Eastman was quoted in a Wall Street Journal article entitled, \u201cLegal Path for Intervention Was Blazed in FDR\u2019s [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":14757,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"custom_author_name":"","chapman_pin_hero_slider":"","footnotes":""},"categories":[3],"tags":[41,99,13,70],"class_list":["post-1413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-faculty","tag-eastman","tag-government","tag-newspapers","tag-recession"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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