Sunday, September 28, 2008

Does the Wall Street Bail Out Contain a Bill of Attainder?

The text of the Constitution, Article I, Section 9; Clause 3 is:
No Bill of Attainder or ex post facto Law shall be passed.

Does the proposed bailout require the ex post facto disgorgement of profits or pay to "the fat cat CEOs"? If so, you can bet they and their lawyers will argue the Congress's actions are unlawful.

Stay tuned for more....

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