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.
There are only two impeached presidents in United States history, meaning only two presidents have been charged by the House of Representatives with committing high crimes and misdemeanors. Neither of the two impeached presidents, Andrew Johnson and Bill Clinton, were convicted by the Senate. In fact, there has never been a president removed from office using the impeachment process. There is only one other mechanism set forth in the U.S. Constitution, aside from conviction on impeachment charges, that allows for the removal of a failing president.