Author Archives: Marianne Adams

Recap: “Removals of Officers & Inferior Officers, Bureaucratic Control, Vacancies Act” — Thomas Berry

NINA SUAREZ—The power to hire and fire may seem straightforward, but within constitutional law, it embodies a prominent unsettled question about executive authority: how much unilateral presidential control should exist over appointments and removals of executive officers? Thomas A. Berry, director of the Cato Institute’s Robert A. Levy Center for Constitutional Studies and editor-in-chief of […]

Securitizing Stardust: The Legal Life of Bowie Bonds

TRENT ANDERSON—In 1997, David Bowie made waves in both the music and finance worlds by transforming his back catalog into a $55 million financial instrument. The first of what became known as “Bowie Bonds,” this deal allowed him to raise immediate cash by securitizing future royalties from twenty-five of his albums. Consistent with Bowie’s persona, […]