Pros: working in the field, mgmt gave me a lot of latitude, in legal decision-making, such as in foreclosures, loan workouts & modifications
Cons: "leash" is a little shorter working, "on the inside"
Was given responsibility to handle the legal issues at 3 failed bank receiverships "on-site" simultaneously, plus other receivership issues which had effectively closed, but still had legal issues to be addressed. When receiverships were extinguished because of "business model" changes in FDIC sales of the failed banks to healthy banks, my job as an – more... Oversight Attorney was extinguished, as well, with four months left on my contract. I was assigned to the FDIC Satellite Office in Jacksonville for those remaining months, in which I was able to learn how the Legal Department worked "on the inside". My contract expired on May 9, 2011. – less