Does Anybody Understand The Emergency Economic Stabilization Act
We previously reported that firms are starting to launch global financial crisis practice groups.
But we wondered what (if anything) those groups would be able to do for their clients.
According to the National Law Journal, clients are just as confused about the bailout as everybody else. Even the ABA doesn't actually know what to make of what Congress just passed:
Carlton Fields, which as nearly 300 lawyers throughout Florida and Georgia, is forming a "recovery task force" comprised of 15 to 20 lawyers. The task force was first proposed to be called a "bailout task force." It will focus on "what kinds of opportunities will be available with the congressional plan," said Jay Steinman, chairman of the firm's Miami real estate and finance group.The firm has been asked by the American Bar Association to create a "white paper" on what the bailout plans means. The analysis will be completed this week by Carlton Fields partner Sandra Porter, and the firm will do weekly updates.
Is it possible that a large part of the legal community is waiting for Carlton Fields to tell them what is actually happening? It's been a weird month.
In face of economic crisis, law firm clients range from panicky to opportunistic [National Law Journal]
Earlier: New Practice Groups Coming to a Firm Near You
(34) Comments
first
Still waiting to hear from Carlton Fields on where a guy can get an inexpensive hummer at lunchtime in downtown Tampa.
"Carlton Fields, which as nearly 300 lawyers throughout Florida..."
finally, a typo that is not the fault of mystical.
What is Carlton BANKS doing these days. He seems about as qualified...
What is Carlton BANKS doing these days. He seems about as qualified...
I wish i was first :(
7TH HEAVEN!!!!!!!!!!!!!!!!!!!!!!
Seriously. Can we please have WLRK write a white paper on this, instead?
I'm more interested in what Carlton Sheets has to say about the bailout. The man taught the world to make millions in real estate with no money down, surely he must have the answers to the current crisis.
No.
News Flash: Obama campaign announces that as part of his 100 day plan after inauguration he will release all of the terrorists from Guantanamo Bay and instead use the facility to hold his critics and political opponents.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=77268
yawn...DPW sent its "white paper" out over the weekend and had a webcast seminar yesterday.
Anyone who doesn't understand the bailout should move to a socialist nation to figure out what it truly means to be socialist.
Anyone who doesn't understand the bailout should move to a socialist nation to figure out what it truly means to be socialist.
http://www.usnews.com/blogs/college-rankings-blog/2008/10/6/preparing-for-our-first-ranking-of-law-school-part-time-programs.html?s_cid=rss:college-rankings-blog:preparing-for-our-first-ranking-of-law-school-part-time-programs
elie, you are an amateur
You really don't need a second rate firm in Florida or a would be first rank firm like DPW to tell you about it. Read it for yourself.
http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf
Poor, poor 11 . . .
It means that wooden arrows should be less expensive.
dpw's memo - http://www.dpw.com/1485409/clientmemos/EESA.memo.pdf
52 page analysis, not just a summary
19
Writing white papers is so 90's. Get with the program. Every Tom, Dick, and Harry law firm is going to write a white paper on this bailout legislation.
Surprisingly, much of it will be cribbed from Congressional commentary like JCT.
DPW is TTT for even pretending to present something original.
I understand we are all screwed.
http://news.yahoo.com/s/ap/20081007/ap_on_bi_st_ma_re/wall_street
isn't there a movie by the same name
http://www.nypost.com/seven/10072008/business/up_in_smoke_132550.htm
The Great Deleveraging has begun. Dick Fuld has a nice comfortable estate offshore.
You?
I'm thinking the cat and dog population will dramatically shrink in the cities and the incidence of mystery meat will increase.
Hello chicken little, this is sky, are you there?
The Great Deleveraging has begun. Dick Fuld has a nice comfortable estate offshore.
You?
I'm thinking the cat and dog population will dramatically shrink in the cities and the incidence of mystery meat will increase.
I'm thinking we're facing a New New Deal where there will be a 90 percent tax rate imposed on incomes over $2 million. The government, thanks to 30 years of Republican maladministration -- think $1 trillion in the first 200 years to $10 (now 11?) trillion in the last 30 years -- is going to be grasping for money.
I hope that the New New Deal builds a new green economy so we can rebuild and reforge our nation instead of pissing away our national wealth to the Middle East. Why do you think Dubai is now an economic nexus rivalling New York? It has the cash now. You don't.
A new repetition of the 100 days and a speech saying that all we have to fear is fear itself. And massive deficit spending that our children and their grandchildren will live to enjoy and take for granted until the pendulum swings and the grandchildren and their children think that it's their God-given right to deregulate and unleash the magic of the market.
Some things never change -- including the stupidity of folks who believe in utopias of either the right or the left.
I think everyone should open their quarterly 401k statements before going to vote this year. That would assure an Obama-Biden landslide.
A lot of guys at my high school didn't understand sh*t...no big deal.
28: Yes, people might be dumb enough to vote that way. However, the market was just fine until the Democrats took over Congress in 2006.
http://finance.yahoo.com/q/bc?s=SPY&t=5y
How does everyone think Schulte will be able to weather this financial crisis? They are pretty tied to financial services so I was wondering if anyone thinks they will take a big hit.
Manufacturers of children's wooden arrow products get a tax break under the BAILOUT, so that would be a good "opportunit[y] . . . available with the congressional plan."
What would a BAILOUT be without a little pork?
@19 Not very comprehensive analysis by DPW. It completely fails to discuss the mental health parity section of the bill. This will be massively increase employers' health care costs and allow more drug addicts to remain "employed" while they really are sunning themselves in Maui and drinking a smothie as part of their employer paid for "rehab."
TTTampa to 50K and Rays tickets...