Giuliani sets up firm ‘to cash in on Wall Street’s train wreck,’...

[babylonsister]

http://thinkprogress.org/2008/09/26/giuliani-bailout/

Giuliani sets up firm ‘to cash in on Wall Street’s train wreck,’ then joins McCain for tonight’s debate.»


Rudy Giuliani flew to Memphis this afternoon with Sen. John McCain (R-AZ), on the way to tonight’s presidential debate. Giuliani “is positioning his law firm to cash in on Wall Street’s train wreck,” according to the New York Daily News. The former mayor announced yesterday that his firm, Bracewell & Giuliani, would set up a task force “to help corporate clients get a piece of the action — or keep federal wolves from the door,” as the Daily News put it.

[spanone]

1. i bet there is a whole lot of 'positioning' going on

[Eric J in MN]

2. This is disgusting.

The government could be making loans and charging interest.

Instead it's about to start a cash-for-trash scheme where firms with the best connections will get billions.

[Dont_Bogart_the_Pretzel]

3. The vultures don't take long to get in line do they?

Rudy Giuliani Ties to Vulture Fund Manager
http://jubileeusa.typepad.com/blog_the_debt/2007/08/rudy-giuliani-t.html

"The New York Post reported last week that Rudy Giuliani, a Republican candidate in the 2008 presidential race, has ties to a vulture fund. Reports the Post:

Billionaire hedge fund manager Paul Singer - founder of the $7 billion investment fund Elliott Associates - serves as Giuliani's Northeast finance chairman. He has helped raise millions of dollars for Giuliani through his business contacts and interests, and has allowed the candidate to rent planes through his leasing entity, Elliott Asset Management."