Taking Back the Bonuses – er, uh, I Mean the Constitution
I don’t pretend to be a genius on the Constitution, so let’s make that clear right of the top. I am not happy about the bonuses paid at AIG. And we KNOW that Geithner and Dodd both lied about knowing that these bonuses were in the pipeline. But I am still not clear if taking them back is pushing the envelope of Constitutionality. Most of the expert opinions I have seen seem to indicate it clearly pushes that envelope.
But I was shocked as one scholar declared there is no issue with any of five Constitutional Clauses that might be applied in this case. Now I have had to play this interview back several times to see if I should pick my jaw up off my desk and get on with my day or not.