TheCorporateCounsel.net

February 6, 2009

Hokey Pokey: Wall Street Style

It’s been a long week, so I decided to alter a popular song for my own amusement (apologies to leopard shoe owners in advance):

You put your right hand in,
You take a bunch of cash out,
You put your right hand in,
And you scoop the rest out.

You do the hokey pokey,
And you tell yourself it’s okay because everyone else is doing it,
That’s what it’s all about.

2. Left hand, with a shovel
3. Right foot, wearing some leopard shoes
4. Left foot, with more of those leopard shoes
5. Head, with ear plugs to drown out the pleas from the poor
6. Butt, wearing some sort of cover
7. Whole self, leaping into a pile of gold coins and jewels

TARP Under Attack: A $78 Billion Shortfall for Taxpayers

Late yesterday, the Congressional Oversight Panel said it would issue it’s third report today on how TARP is being implemented – and it won’t be pretty. The report will show that Treasury put about $254 billion into financial institutions in 2008, but got only $176 billion in value. As noted in this NY Times article, the head of the Panel, Elizabeth Warren, told the Senate Banking Committee that after three months on the job, her panel was still not getting enough answers from Treasury. She described the bailout as “an opaque process at best.” When the report is out, we’ll post it in our “TARP” Practice Area.

How Avvo Works

In this podcast, Mark Britton, CEO and Founder, explains how Avvo works, including:

– How did a corporate lawyer end up launching something like Avvo?
– What are Avvo’s latest developments?
– How do you like blogging? Any lessons learned?

Sights & Sounds of Northwestern’s San Diego Conference

Here are a few videos from my visit last week to San Diego:

San Diego: Much Nicer Than DC in Jan

Sheppard Mullin’s Get-Together

30 Years: Northwestern’s San Diego Conf.

– Broc Romanek