Great Recession

News & Analysis as of

FIRREA: The DOJ’s Expansive (and Expensive) Tool of Choice

A series of recent court rulings has effectively expanded the Department of Justice’s authority to investigate and prosecute banks for claims related to the financial crisis. These rulings have broadly interpreted a...more

BigLaw's Scramble to Hire the Best [Video]

July 3 (Bloomberg Law) -- Jay Grushkin, hiring partner at New York's Milbank Tweed, talks with Bloomberg Law's Lee Pacchia about how the hiring season has changed since the recession in BigLaw began in 2008. Elite law schools...more

SEC Proposes Amendments to Rules Governing Money Market Funds

On June 5, 2013, the U.S. Securities and Exchange Commission (SEC) unanimously proposed for public comment two alternatives for amending Rule 2a-7 and other rules that govern money market funds under the Investment Company...more

Holistic medicine needed to revive securitisation

In the immediate aftermath of the crisis, it’s possible that those who identified securitisation as a financing model, rather than loan origination practices, as a principal cause of the crisis were all too ready to charge...more

Financial Crisis Has Silver Lining For Advisers

While the financial crisis wreaked havoc on many retirement accounts, it had a significant upside for those tasked with minimizing the damage. Investors actually trust their advisers more today. Fidelity Investment’s “Five...more

Zimmermann: Up to 20% of AmLaw 200 "Badly Weakened"  [Video]

April 25 (Bloomberg Law) -- A substantial percentage of the nation's largest law firms enter the sixth year of the Great Recession "badly weakened," and more firms are expected to fail, according to law firm consultant Kent...more

Undue Commercial Real Estate Risks Are Bad: The Mathematical Proof of the Blindingly Obvious

I was entertaining myself early this morning by looking over a joint agency report just released entitled “An Analysis of the Impact of the Commercial Real Estate Concentration Guidance”. This report summarizes the...more

Smolinsky Sees Similarities Between Reader's Digest, Kodak [Video]

Mar. 19 (Bloomberg) -- Joseph Smolinsky, business finance and restructuring partner at Weil, Gotshal & Manges LLP, talks with Bloomberg Law's Spencer Mazyck about his representation of RDA Holding Co., publisher of Reader's...more

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