In this memorandum, a team composed of experts in my firm’s financial institutions, corporate governance, real estate, capital markets, executive compensation, hedge fund, private equity, asset management, white collar defense and litigation departments discusses our collective view on the likely interpretation of the Emergency Economic Stabilization Act’s most important provisions, the key ambiguities and questions that will have to be resolved by the Treasury Secretary, and the policy issues that will shape not only the implementation of the Act, but also the future of the US financial regulatory system.

The memorandum is available here.