Legal Analysis: The Global Financial Crisis

Timely news and analysis from law firms and lawyers publishing on JD Supra

OVERVIEW: Financial Upheaval

Congress Passes Largest Financial Bailout Bill Since the Great Depression

The Emergency Economic Stabilization Act of 2008 ("EESA"), spearheaded by Treasury Secretary Henry Paulson, went from a three-page proposal to a 450-page catalog, augmented by a long list of tax incentives and spending earmarks more...

Highlights of the Emergency Economic Stabilization Act
Joint Statement by Treasury, Federal Reserve, and FDIC
First Look at Treasury Plan; Money Market Fund Bailout
Hedge Fund Failure Predictions and Strategies: How to Catch a Falling Knife and Not Get Cut

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Implementation

U.S. Implements Four Programs under Emergency Economic Stabilization Act to Strengthen Market Stability
TARP and the Various Federal Tent Poles: Will it be Enough?
New Liquidity and Capital Alternatives for Financial Institutions
FDIC Issues Interim Rule to Implement Temporary Liquidity Guarantee Program

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Taxes

Bailout Bill Tax Provisions - An Executive Summary
Notice 2008-83: The IRS Offers Reassurance to Troubled Banks
Federal Reserve Board Liberalizes Rules for Investments in Banks
New Tax Rules Re Certain Investment Fund Managers' Deferred Compensation

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Securities

NASDAQ Suspends Minimum Bid and Minimum Value of Public Float Rules
SEC Seeks to Combat Market Manipulation
UK's Short-Selling Prohibition Emergency Restrictions on Short Selling in the United States, Canada and the United Kingdom.
SEC Clarifies Short Sale Restrictions and Related Disclosure Requirements

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Mortgages

Agencies Consider Reduction of Fannie Mae and Freddie Mac Debt Risk
Watershed Housing Bill Providing New Funding and Regulation for Mortgage Industry
New Mortgage Rescue Proposal Leverages FHA Guarantees to Refinance Loans
Mortgage Reform Bill Passes the House: Sweeping Changes to Federal Regulation on the Horizon Commercial Mortgage-Backed Securities: What Next for Distressed Commercial Mortgages?

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Environment & Energy

Summary of Cleantech Provisions in the Bailout Bill
Financial Bailout Package Contains Tax Incentives for Renewable Energy
The Sun Will Continue to Shine on Renewable Energy: A Surprise Ending to the Renewable Energy Tax Credits Debate

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