A Harvard law professor
insists to the Atlantic's blog that it would not be hard or unconstitutional for the federal government to "claw back" the London bonuses as long as the relevant legislation was general, regulatory, and nonretributional. I say go for it.
Hear hear. It's the only solution that actually gets the money back.
ReplyDeleteOther proposals like reducing the next bailout amount are just meaningless feel-good whitewashes that don't actually recover the money but just make the company shuffle things around to cover the difference.