Daily Archives: October 8, 2008

Let the Feeding Frenzy Begin

 

The yet to be determined Treasury Department rules for sales of distressed assets will create opportunities.  Investors with cash who are ready to move as soon as those rules are announced could make enormous returns.

Carlton Fields has nearly 300 lawyers throughout Florida and Georgia and is putting 15 to 20 of them into a “recovery task force” focusing on “what kinds of opportunities will be available with the congressional plan,” according to Jay Steinman, chairman of the firm’s Miami real estate and finance group.

The American Bar Association has asked the firm to complete a white paper on the bailout plan which will be available next week, with weekly updates.