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Academic
: ConglomerateWould Taxing AIG's Bonus Recipients Be Constitutional?
By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring
Larry Tribe thinks a tax of AIG's bonus-receiving executives would not violate the Bill of Attainder clause. Hat tip, Nate Silver, who thinks it would be a bad idea. The sainted sanctity of contracts certainly is doing the bailout no favors, either here or with regard to cramdowns of securitized mortgages. Anna Gelpern and Adam Levitin, by the way, have a proposal for making those rewrites happen here.
Full post as published by Conglomerate on March 17, 2009 (boomark / email).
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