Davis Polk on $200 Billion TALF Plan
Sullivan & Cromwell and Wachtell have gotten the bulk of the publicity for the roles key members of those firms have played in crafting various parts of the Wall Street bailout. But it's time to start mentioning Davis, Polk & Wardwell in the same sentence as those Wall Street titans. Fresh off advising Citigroup in negotiating a $300 billion-plus rescue plan, Davis Polk advised the Federal Reserve Bank of New York in crafting the complicated new $200 billion spending program announced on Tuesday.
