EagleiOnline

Government (formerly General) MotorsFrom a pleading in the GM case:

Today, [GM] continues as a leading global technology innovator. Currently, it is setting the automotive industry standard for “green” manufacturing methods.

Haven’t Toyota and…

It’s tough out there in the real world, or so we hear. Bar loans are harder to come by, associates are getting laid off, and equity partners, according to some, are Scrooging for cash. Some are calling it “economic hell.” Others are calling it a good time to think seriously about working in Maine. But let’s cut to the chase: How many 3Ls at BC Law don’t yet have jobs? (The surveys for 2Ls and 1Ls appear after the jump.)

<a href =”http://answers.polldaddy.com/poll/1421228/” >3Ls: Do you have a job?</a> <br/> <span style=”font-size:9px;” mce_style=”font-size:9px;”> (<a href =”http://www.polldaddy.com”> surveys</a>)</span>

As if the Bar Exam did not frighten law students enough, it looks like they may have a harder time prepping for the exam. If a firm cancels your offer it appears unlikely that students will be able to get a loan to cover their bar expenses

“The lab rats are living longer and longer.”What effect is the downturn of the economy having on legal recruiting at law schools? Anecdotally, some firms around the nation have been trimming down the size of their summer associate classes, rescinding existing offers, or even pulling out of OCI recruitment altogether.

In an earlier post, I mentioned that private equity firms stand to gain significantly from the Treasury Department’s plan to buy distressed securities.  In this post I briefly explain in layman’s terms how this crisis developed and why the government’s bailout is essential to resolving the travails in the credit markets.

When this bailout deal goes through, private equity stands to benefit immensely.  The Treasury Dept. is going to come in and set the price of these securities; if the price is advantageous, private equity firms like Bain Capital and KKR might follow the government and start buying some of the distressed debt.  Say, for example, that the government buys the collateralized debt at 30 cents on the dollar.  Bain and KKR may be willing to pay even more than that, since the government, by putting its might behind the debt, is basically guaranteeing the investments.