Friday, October 31, 2008

Looting Lawyers Benefiting From Bailout Bill

What was it that Shakespeare said about the lawyers?

"Economic woes mean boom time for lawyers" by Carol J. Williams, Los Angeles Times | October 31, 2008

LOS ANGELES - In addition to lawyers suing lenders, there are others providing counsel for companies that are downsizing or have been pushed into bankruptcy. Others are representing clients in fraud lawsuits against banks and Wall Street investment firms.

And there are lawyers guiding banks and others seeking a piece of the $700 billion government bailout for the financial system. The country may be slipping into recession, but it's shaping up to be boom time for lawyers.

The bailout legislation also includes new rules on executive compensation that will create even more work for lawyers, said Scott Sinder, head of Steptoe & Johnson's government affairs and public policy practice in Washington. --more--"

That's BULLSHIT!!!

See: Government-Funded Golden Parachutes and Bailout Bill Was a Gift to Bush Administration

Yeah, readers, I am tired of the lying!!