Associated Press

September 29, 2008

In the midst of the worst financial crisis since the Great Depression, former Mayor Rudy Giuliani has begun drumming up business, positioning his law firm to advise corporate clients on how to profit from the government’s $700 billion bailout.

Bracewell & Giuliani LLP announced it has formed a corporate task force to advise “financial institutions, private investment funds, institutional investors and other market participants” on the costly package.

“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 said.

A firm spokeswoman declined to provide any further details and referred to the announcement.

Bracewell isn’t the only group poised to profit if a deal is reached for the federal government to bail out the struggling financial system by buying up billions in bad mortgages and other toxic assets.

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