Is Obama’s imposed limit on executive pay constitutional. Fox Legal Expert Judge Andrew Nepolitano thinks not. Here’s what the President said today.
The cap would only apply to financial institutions that ask for money this point forward, and Robert Gibbs seemed to indicate that there might be some exceptions to prevent bankers in need from avoiding asking for money. But in any case Judge Nepolitano says … it won’t pass muster anyway.
All comments are welcome but, if you are a constitutional lawyer, feel free to leave a comment or send an e-mail on the Judge’s ruling.