The DOJ confirmed yesterday that its Antitrust Division is investigating possible anti-competitive practices involving credit derivatives.  The statement read:  “The Antitrust Division is investigating the possibility of anti-competitive practices in the credit derivatives clearing, trading and information services industries.” The statement came the day after Markit Ltd, a dealer-owned provider of prices in the [...]

Paul Weiss has published a reference guide to the principal regulatory programs and initiatives that have been announced to date. The guide summarizes the U.S. Treasury programs implemented under the Emergency Economic Stabilization Act of 2008, the administration’s Financial Stability Plan and other key programs implemented by the Federal Reserve and the Federal Deposit Insurance Corporation. [...]

As we reported last November (click here), Simpson Thatcher was selected by the Treasury Department to advise the government on the $700 billion bailout plan.  It’s fee was capped at $300,000. Now the Legal Times Blog reports Simpson Thatcher (along with Venable) has received major, additional TARP contracts to manage bank transactions associated with the TARP.   Full story, [...]

Yesterday we posted a report provided us by our friends in Treasury about a large space on 18th and L Street.  If you missed our story (short but the pic is cool) you can click here. We are highly reluctant to pass on info until we get some sort of confirmation.  That’s why we held [...]

Treasury’s TARP Office is leasing space on the same block as where Ajilon and Hudson have satellite work space:  18th and L streets NW. It’s a 10-year lease. The department, through the General Services Administration, has signed a lease for four floors of a building at 18th and L streets NW. It’s a 10-year lease. [...]

There is one — and only one — nationwide employer that will continue to annually fill hundreds of thousands of high-paying, secure, dynamic jobs no matter how bad the economy may get.  Who is this employer? The federal government, which will annually hire more than 200,000 new employees throughout the U.S. — including tens of [...]

We spoke to our contacts at the Treasury Department regarding positions related to the Emergency Economic Stabilization Act to implement the Troubled Asset Relief Program (TARP). A number of contract attorneys have applied and been accepted. If you sent resumes based on our first posting a few months ago, they have been “rolled over” but [...]

The Government Accountability Office has released its latest progress report on the Troubled Asset Relief Program and the Treasury Department’s new Office of Financial Stability (OFS).   It’s altered the federal food chain. As of Monday, Treasury had hired 38 permanent staff and 52 temporary staff for OFS, up from five permanent staffers and 43 temporary hires [...]

It seems as if the plaintiffs’ lawyers have kicked it into high gear as the year end approaches. There has been a flood of new securities lawsuit filings so far in December.  Posse List members across the country have been reporting in that many litigations started earlier this year are now entering the document review stage. [...]

The U.S. Treasury Department today announced that Thacher, Proffitt & Wood, LLP will assist the Department with its investments in the Federal Reserve’s Term Asset Backed Securities Loan Facility authorized under the Emergency Economic Stabilization Act.  The firm will help the Department with investments in any entities for the purpose of purchasing asset-backed securities from [...]