If the brokerâs equity requirement is 25 percent, the customer must maintain $15,000 in equity in the account. If the customer has an outstanding margin loan against the securities of $50,000, his equity will be $10,000 ($60,000 - $50,000 = $10,000).
James D. St. Clair argued in his Supreme Court brief on President Nixon's behalf that this language demonstrated the Framers' intent that any prosecution would follow impeachment and removal from office and that, consequently, a President could not be prosecuted while in office.
Only three of the 18 impeachment cases have involved a president â Andrew Johnson in 1868, Richard Nixon in 1974, and Bill Clinton in 1998. Itâs important to take a brief look at these three cases to understand how Congress has interpreted âhigh crimes and misdemeanors.â.