The common narrative, echoed by Mitt Romney supporters and others who hate dogs, is that Wall Street types are dropping the President like Randolph and Mortimer Duke tried to drop Billy Ray Valentine in Trading Places. It’s like all of Wall Street said, “A Negro running our country, don’t be ridiculous.”
That’s the movie the GOP would like to write.
But, as happens so often, Republican fantasies bear little relationship to reality. A new report from Bloomberg shows that Obama is doing just fine when it comes to support from employees working at Wall Street’s best banks. It’s probably because female contraception is a lot cheaper than paying child support.
Obama isn’t just raising money from employees at banks. Quite a few lawyers are also in the tank for Obama. Employees at one Biglaw firm are leading the charge, and given the firm, we imagine that the money is pouring in from all parts of America, parts of Europe, and perhaps even the firm’s exploratory office in the Marianas Trench….
For the first black president, Barack Obama doesn’t really talk a lot about race. People talk about his race all the time, and once again it’ll be a critical factor in the campaign, but the president himself doesn’t often wade into racial controversies.
But the excellent people at Buzzfeed have hopped into the waaaay-back machine and uncovered video of Obama speaking eloquently about a racial controversy while he was president of the Harvard Law Review.
It’s a fun video, not just because of the content, but because it turns out that 20 years ago, Obama sounded exactly the same.
And as Huffington Post reporter Mike Sacks just gchatted me (and tweeted), Obama did this one without a teleprompter…
Montana Chief Judge Richard Cebull started the first day of the rest of his life today. The judge who sent around a racist and sexist email about Barack Obama and the president’s dead mother started the “damage control” process that will never really end.
Richard Cebull could emancipate slaves and everybody would still know he’s a racist. Obviously, his family and friends already knew he was racist, but now the general public gets to know. There’s nothing for it now. Whether or not he will still be allowed to have a job is pretty much all he can fight for.
And he is: he’s voluntarily asked the Ninth Circuit to review his conduct. And he’s written a letter of apology to President Obama — who is rapidly on his way to becoming the most poorly treated president in American history (even though the last one was openly thought to be mentally retarded, and the one before that was impeached for getting a BJ).
But we’ll get to all that. First, free of charge, I’m going to slow down long enough let everybody catch up to why the original letter was racist, and why sending the thing makes Cebull a racist, too….
We mentioned this last night in Non-Sequiturs, but it merits more coverage. Judge Richard F. Cebull, current chief judge for the District of Montana, admitted to forwarding a racially charged joke about President Barack Obama from his courthouse email account. Chief Judge Cebull, a graduate of the University of Montana Law School and a former federal magistrate judge, was appointed to the district court by President George W. Bush in 2001. One of the readers who brought this story to our attention described Cebull as “a good judge.”
A good judge who tells bad jokes. Let’s get to what you all want to know: What was the joke? And was it offensive, or funny, or both?
* Now prison inmates will literally be able to listen to the jailhouse rock. Dancing to it is a different issue. [USA Today]
* Why do students surf the web in class instead of taking notes? Probably because their professors are boring. [Legal Skills Prof Blog]
* The current Supreme Court justices have less time practicing law or working in politics than any other previous Supreme Court roster. But they have way more pillow fights. [Social Science Research Network via Instapundit]
* The chief judge of the U.S. District Court for the District of Montana emailed some friends a fairly offensive, racially charged joke about President Obama from his courthouse chambers. He will probably have to apologize. [Great Falls Tribune]
* “It’s like having a pace runner in a marathon: I don’t have to burn out running the 26.2 miles as fast as I can.” The only difference is that this new tool measures billable hours instead of miles. [ABA Journal]
President Barack Obama delivered his State of the Union address this evening, and it was even less exciting than last year (which was less exciting than the year before, when the famous Obama v. Alito showdown over Citizens United took place). Tonight was light on drama — one of the most compelling moments came early on, with the arrival in the chamber of retiring Congresswoman Gabrielle Giffords — and President Obama’s speech was light on new ideas. Considering that we’re in an election year, with no major legislation likely to pass anytime soon, this shouldn’t come as a surprise.
* Even if law schools changed their teaching methods to include more experiential learning opportunities, would anyone care? To that, the latest hiring patterns say: “LOL, srsly?” [National Law Journal]
* Joran van der Sloot has been sentenced to 28 years for the murder of Stephany Flores. Parents will now be able to allow their college-aged kids to spend spring break in Aruba until 2038. [CNN]
It’ll take some time before a court rules on the legality of Barack Obama’s recess appointment of Richard Cordray to the Consumer Financial Protection Bureau. In case you haven’t been paying attention, Obama nominated Cordray two years ago, but the Republicans have refused to allow his nomination to come to a vote. Obama then wanted to use his recess appointment powers to fill the vacancy while Congress was away, but Republicans have blocked that through a series of sham sessions in which a couple of members gavel in and gavel out in a few seconds every couple of days. Last week, Obama decided those sessions did not constitute real sessions and appointed Cordray anyway, and we’ve all been treated to a week of howling from the right about an “illegal” power grab by the executive branch.
I appeared on the Mike Huckabee Show this weekend and defended the president’s appointment. It felt a lot like writing here at ATL: the live studio audience even booed me to make me feel at home.
But on Friday, Republican lawmakers did something really funny: they asked Eric Holder and the Department of Justice to explain what role the Office of Legal Counsel played in advising or authorizing Obama’s move. I’m immediately reminded of Bones McCoy trying to get back to the quarantined Genesis planet in Star Trek III when he says: “There aren’t gonna be any damned permits! How can you get a permit to do a damned illegal thing?”
Regardless of the legality of the recess appointments, did Obama do the right thing?
* Is the Roberts court really as pro-First Amendment as we’ve been led to believe? Lawyers aren’t really that good at math, but they’ve done studies, you know. And 34.5% of the time, it works every time. [New York Times]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: