ARTICLE 1 SECTION 9,CLAUSE 3 OF OUR CONSTITUTION IS
KNOWN AS THE EX-POST FACTO BILL. IT IS A LEGISLATIVE ACT THAT PREVENTS EXACTLY WHAT PEOPLE IN WASHINGTON WISH TO DO TO AIG EMPLOYEES!
"Bills of attainder and ex-post facto laws, impairing the obligations of contract are contrary to the first social compact and to every principle of of social legislation" JAMES MADISON ..Federalist Papers ,44, 1778
In addition ,many of those in line for bonuses are not US citizens.
Also The Dodd Amendment to the Stimulus package specifically prohibits preventing the AIG bonuses.AIG was a large political contributor to him and Obama.
The talk of taxing 95% of the bonuses is just political nonsense.(at least to this non-lawyer)
Of greater import-why is AIG bailing out foreign banks with US money?
Why doesn't Sec Geithner own up to his role while at the Fed in giving these monies to AIG, and then while as Sec.of Treaury, another 30 billion without any investigation of their intentions.
I agree with Sen. Shelby, Geithner, the "golden -boy" should resign. The Obama economic team is in shambles.