Foley Issues Detailed Analysis of Treasury Rescue Plan

15 October 2008 Media Contact: Jill Chanen News

Financial Crisis Response Team Continues to Provide Regular Insights on Developments Concerning the Financial Markets.

Foley has released a detailed analysis of the Emergency Economic Stabilization Act recently signed into law. The eight-page analysis is part of the firm’s ongoing commitment to providing clients with up-to-the-minute information and insight on developments related to turmoil in the financial markets.

Foley’s analysis of the Act includes:

  • Overview of the Troubled Assets Relief Program (TARP) intended to restore liquidity and stability to the financial system
  • Outline of the responsibilities of the Office of Financial Stability
  • Analysis of eligible financial institutions and assets as specified in the Act
  • Analysis on the pricing of troubled assets
  • Summary of various ropes tied to TARP participation (warrants and debt instruments, accountability through executive compensation, and market transparency)
  • Overview of the insurance program to guarantee troubled assets
  • Aid provided to smaller financial institutions affected by Fannie Mae and Freddie Mac
  • Oversight and reports established by the Act

On September 23, Foley established its Financial Crisis Response Team to monitor the continuing developments of this historic financial crisis and provide clients with proactive legal and business counsel to adapt to and navigate the changed financial landscape. The multi-disciplinary team includes senior attorneys and public affairs professionals with significant experience across a broad range of practices, including securities and commodities, corporate, public policy, tax, financial, real estate, trusts, securities litigation, and bankruptcy.

For a copy of the firm’s detailed analysis on the Treasury Rescue Plan, please visit: www.foley.com/publications/pub_detail.aspx?pubid=5360.

Foley & Lardner LLP continually evolves to meet the changing legal needs of our clients. Our team-based approach, proprietary client service technology, and practice depth enhance client relationships while seeing clients through their most complex legal challenges. The BTI Consulting Group (Wellesley, Massachusetts) recently recognized Foley as one of the top four law firms shaping the U.S. legal market, while CIO magazine has named Foley to its CIO 100 list six times for our client-focused technology. With more than 1,000 attorneys in 22 offices and more than 50 practices, Foley strives to provide high-caliber business and legal insight.

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