Friday, September 26, 2008

Money don't get everything it's true, What it don't get I can't use

The despicable sack of crap formerly known as America's Mayor™ has finally descended fully into Hell:
Rudy Giuliani is positioning his law firm to cash in on Wall Street's train wreck - a move that has become a gift to political enemies of his pal John McCain.

Even as the nation's $700 billion, taxpayer-funded Wall Street bailout was still being hashed out, the former mayor announced Thursday his high-powered law firm has set up a task force.
Its mission: to help corporate clients get a piece of the action - or keep the federal wolves from the door.

"Our team of former government officials and experienced attorneys in the fields of legislation, enforcement and finance are equipped to guide institutions in this quickly evolving and complex environment," Giuliani noted in a press release from his law firm, Bracewell & Giuliani.
Giuliani is not the only one poised to profit from opportunities created by the mega-meltdown, but he is the most politically famous.

Giuliani is a prime surrogate for Republican McCain, who has called the economic meltdown "the greatest crisis since the end of World War II" and has assailed Wall Street for "unbridled greed."
Unbridled greed? He should know:
Members of Giuliani's task force will include a number of Bracewell & Giuliani employees with deep connections to Washington in general and the Bush White House in particular.

They include Marc Mukasey, a former federal prosecutor in Manhattan and the son of U.S. Attorney General Michael Mukasey.

The elder Mukasey is one of Giuliani's closest friends and, as a federal judge, swore in Giuliani at both his mayoral inaugurations.

Another task force member will be Robert Clarke, a one-time director of the Resolution Trust Corp. - the government-owned outfit set up in the wake the last major government bailout, the savings and loan crisis of the 1980s, to sell off assets.
Bracewell & Giuliani spokeswoman Melanie Hillis declined to say how much the firm would be charging.

Top-shelf firms like Bracewell & Giuliani routinely charge corporate clients fees topping $800 an hour for every senior lawyer's time - or a commission based on the value of transactions that could reach billions of dollars.

Entrenched operators, cashing in on their connections. That's the American entreprenurial spirit.