Re:Lending Club plans layoffs, discloses loans to former CEO...
by rando18423 on Tuesday June 28, 2016 @05:41PM
(#11997802)
No, making cars was never outright illegal. Operating a cap company, (or rather an illegal one), without proper licensing was. Operating a hotel out of your house was. Nice strawman.
[ Parent
| on HN ]
Re:Lending Club plans layoffs, discloses loans to former CEO...
by maccam94 on Tuesday June 28, 2016 @06:57PM
(#11998244)
Uhhh it was basically illegal to make cars in the US from ~1903 to 1911 due to restrictive licensing policies aimed at excluding competitors from the market: https://en.wikipedia.org/wiki/Association_of_Licensed_Automo...
Ford Motor Co produced cars without such a license and eventually a case went to court. Ford initially lost but then the ruling was overturned.