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Congress can pass laws for just about anything. No law like what you suggest exists, and if it was made, it would likely be challenged to the Supreme Court and overturned as unconstitutional. (and of course is grossly unfair and would put the financial markets, banking, and just about all business in a tailspin).

The Constitution prevents the taking of goods without due process and compensation. The right to foreclose and recover monies that were legally loaned is a right to property. The lender must be fully compensated by someone.

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14y ago

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