The AIG/TARP “Clawback” Is Dubious – But Is It Also Unconstitutional?
Co-contributor Francis Cianfrocca did an excellent job this morning noting many of the more surprising and odious aspects of the hastily (and emotionally) hashed-together “clawback” legislation that recently breezed through the House. Those aspects are bad enough – and they represent an ugly and dangerous turn in “policy.” But there’s an even more important issue. Is this “clawback” provision blatantly unconstitutional? More below the fold….