FDIC is going to hire 500 new staff. Most slots will be bank examiner jobs. But those jobs pay quite well if you have a few years of experience. For details click here. Information on the job postings will appear on the FDIC website here.
Through the efforts of several Posse members, supplemented by the work of the staff at the Posse List, we have compiled sources and links to finding government jobs. The favorite method appears to be searching http://www.usajobs.opm.gov but our friends at various government agencies and bodies told us not all jobs are listed on that site. [...]
We spoke to our Treasury contacts over the weekend. If you would like to know about all employment opportunities within TARP (attorneys, accountants, financial analysts, etc.) go to the TARP web page by clicking here. You will find the legislation, the procurement process, procedures, jobs, etc. You can also get on an email list for further [...]
As the media has reported, Clifford Chance has laid off 20 litigators in the mortgage-back securities practice (here) due to “sluggishness” and the fact that the expected uptick in litigation “has not arisen”. This expected surge in litigation was recently discussed by Law.com in an article entitled “New Wave of Class Actions Filed in Wake [...]
Our contacts at Treasury indicated that the “staff up” has been on hold, although the FDIC and OTS are still staffing up because of other related regulatory events. For those of you following the media reports, the Fed and the Treasury Department may abandon the announced details of the bailout plan. Paulson indicated this week [...]
The bailout plan and contract attorney work … an update to our September 25th posting: Yesterday the administration announced that a former Goldman Sachs executive will be the interim head of its $700 billion rescue effort for financial institutions. Neel Kashkari, the Treasury’s assistant secretary for international affairs, was selected Monday to be the interim [...]
As has been reported in all the legal media web sites, the tsunami of filed and pending financial meltdown/subprime-related securities cases is still on the rise. Nobody covers this better, by the way, than Kevin LaCroix at his site The D&O Diary (www.dandodiary.com). We access his site all the time to track litigations and potential [...]
For those, like us, who remember/worked at the Resolution Trust Corporation (RTC) after it was established in 1989, the agency hired 450 attorneys in a matter of a few months. A GAO report found over the course of 13 months, “RTC had approximately 77,523 legal matters, ranging from routine real estate foreclosures to complex professional [...]
Quite a number of Posse List members have asked us for a site that discusses the current financial crisis vis-a-vis the Wall Street law firms that many of us rely on for work. A very good site (continually updated) is run by Incisive Media in conjunction with Law.com. Among other things, it has updates [...]
We have a large (and growing) number of law firms, accounting firms and corporations subscribed to The Posse List. As a result of increasing insolvency, financial fraud and other related litigation, there has been an uptick in requests for attorneys/CPAs/CFAs to conduct forensic examinations of electronic data, computer systems and digital evidence. These positions are [...]
