President Obama used his "pen & phone" to transform the immigration laws. President Trump declared an emergency to fund his border wall. Presidential power seems ascendant—or is it? John Yoo and Sai Prakash join host Miriam George to discuss presidential power, its limits, and its future. Guests: Profs. John Yoo (UC Berkeley Law) & Sai Prakash (U. Virginia Law)
Critics scoffed when Hertz tried to finance its bankruptcy by issuing new stock. Anthony J. Casey & Joshua C. Macey argue that the "Hertz maneuver" highlights distortions created by bankruptcy law's "absolute priority" rule.