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ReQuiReD ReaDiNG FoR WaLL STReeT LaWYeRS
If you are wondering how it is possible that a storied Wall Street law firm like Dewey Leboeuf can find itself in the middle of a white shoe soap opera, complete with partner defections in droves, a Russian spy, financial mismanagement, aborted merger talks, prepackaged Chapter 11 scenarios, lender workout discussions and a reported probe by the Manhattan DA's office, you may want to read these:
It is interesting is it not, how Bernanke's funny money has driven a stake through the heart of the bankruptcy bar and how our feckless regulators have obviated the need for armies of lawyers defending banksters.
What is less obvious is why giant law firms continue to chase the wholly grail of global representation of the TBTF banks which are in the midst of further culling their investment banking arms due to insufficient deal flow.
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Laws are for the prolateriat, the bourgeoisie are FREE - that is, until the prols secure them to lamp posts.........
In fairness, Toothless Regulators is a book about getting quality BJs.
"..why giant law firms continue to chase the wholly grail of global representation of the TBTF banks.."
It's easy/fast money. It's the only game in town (New York)
Dewey & LeBoeuf, the New York law firm crippled by financial mismanagement, an exodus of partners and a criminal investigation of its former chairman, encouraged its partners on Monday evening to look for another job, according to an internal memo.--NYT
lol, WB7 brilliant, capitalism explained to the sheeple. YOu make me bleat until my insides ache!
Dewey Skrewem & How
What a hoot to see the parasites turn upon their own bloated innards and feast. This will swell the protests this summer with the upper middle and lower upper class on their way down. They will get to rub elbows with the street hardened 99'ers. Lot's of great YouTube videos of cross cultural bonding and rage directed against former employers / TBTF / 1%.
I hope Bloomberg gets a clue, but that may be too much to ask. Rank and file should let him know what their limits are. They are not thrilled at beating up kids and being bodyguards for psychopathic criminals.
Popcorn and chilled beverages ready!
Summer 2012 is gonna be a hot one.
collapse of big law billing ponzi.
but partners made $1m+/year no? can retire as in house counsel somewhere...
the really screwed are the attorneys who burned the midnight oil trying to make partner last 4-7 years.
truly extraordinary event. "what next" comes to mind.
Why BK a counterfeit when there is more profit in allowing nature to take its course? They should take a long look in the mirror...
http://3.bp.blogspot.com/-L18LCf5VeAo/TlQ7BOPxmlI/AAAAAAAAAFk/SHQbGZAsRw...
heads up everyone: eat more gravitas...
US foreign policy is ISRAELI foreign Policy
HOW MUCH FREEDOM OF THE PRESS IS THERE AT THE jEW YORK TIMES?
Major olive producing village ordered by Israeli occupiers to uproot 1,400 trees by May 1
Israel Wages WAR on YOUR MINDI don't know why they ordered 1,400 trees to be uprooted but certainly like to know Israeli's reason for such order (I love trees and plants, etc.). Beyond olive trees and well known differences, can we please be tolerant of each other and learn to live peacefully. I know it takes two to tangle...
I heard recently that Israeli's prime minister is open to the idea of contiguous Palestine state (country). Peaceful co-existence of Palestine and Israel will profoundly change the world that we, and more importantly, world that our children will live.
We are all people. We should teach our children to respect all people by setting an example and living by example. Life is short, so is human history (I disagree with people believing that we have a long history), but our ability to do good is limitless.
Go brush yer teeth.
doesn't look like anyone is reacting to your paid-for anti-Israel, antii-Jew spam.
Maybe get a job in Tunisia selling fruit.
He does it out of the goodness of his heart. Zionist Hasbaras/shabbatz goyim like yourself are usually on the take.
Properties of Helium - Paul Krugman - ish. STACK THE FUCKING SILVER, BITCHEZ !
"Properties of Helium" is actually covering the text of "Properties of Hydrogen".
'cuz He don't combust, but H is Hindenburg fuel.
Money trumps moral professional behavior.
Burn, Baby, Burn
- Ned
Beware of those who, like Satan, make a profession of nuanced manipulation the word to hide from man their true intentions and goals.
the f^&*kers oughta try get a cut of private cases for all the pension funds, investors and cities that
have got screwed by illegal bank activity.
Forget putting bankers in jail. Hit 'em where it hurts.
Lazy freaking lawyers don't want to stoop to working for the non-Rolex crowd.
Fuuuuk them!
I am a lawyer. I sue big companies who wrong the regular folks. I have no shortage of work.
I have never sued a big bank, nor will I, because as of now, big banks are part of the powers that be, and are doing the central banks' bidding. They ARE above the law.
This will be the case until the regular folks either reject the fake FRN paradigm, or rise up and outright revolt. Choose one.
In the words of tiny Tim, there is "no chance" for the folks to EITHER reject the fake FRN's or revolt, so what will happen? The system will continue to exist, but will get incrementally worse. There is NO impetus for any official form of either reducing existing laws, or holding those in power accountable.
Hence, I stack physical and also prepare accordingly with Cu clad Pb and their respective delivery devices. Thank you Mr. Ferguson for your insights.
After the system incrementally collapses or becomes irrelevant because of rising power in the East, there will be plenty of opportunities for critical thinkers, like me. So, I say, off with the heads of TPTB, but let us not lose focus of the ensuing opportunity to remake society with only two laws in mind: (1) honor your promises and (2) encroach on no one else, thank you, Richard M.
If people would abide by those two, simple laws, I would not have a profession, and I could go about doing what I really love. But, since there is no shortage of bad behavior from corporate actors, I have a steady stream of clients. Don't blame me, I am part of the solution.
Look at it another way, the vast majority of lawyers had nothing to do with what has happened. However, the white shoe crime de la crime had very much to do with it and will never own up to their end of the collective responsibility.
Just because they do things because clients pay them to do it, does not make it right.
highly paid professionals such as big law, wall st. are just working for those in power in accordance to their directives.
talented ambitious people end up quiting Big LAw and Wall st. because they realize they are getting paid to do the dirty work.
elites love orphans as they make the best slave drivers.
They are hired help, but the relationship is symbiotic at the high end. The banksters can't just make all this shit up. It is intense legal structuring. Regulatory arbitrage is not something a banker can do without highly paid lawyers.
I site two well known examples, the MERS opinion issued by Holders old firm and the Repo 105 true sale opinion issued by Linklaters to Lehman. Those opinions are full of caveats that point to the hornets nest.
WB7,
You both have this "just hired help" mindset all wrong. Look at the top brass in virtually every large company, almost every member of the board &/or c-suite, aside from the founders, have JDs.
What you call "hired help" is true of those lawyers who make up the grinders of the profession. But grinders do not make the profession.
The profession of law is not symbiotic but is the keeper of the codecs used by the alchemists to make lead look like gold.
Or would you characterize the silence and silent support of Islamist's regarding Jihadist terror activities simply a symbiotic relationship?
Likewise would you characterize the silence and support of Bishops for sexually abusive priests as a simply symbiotic relationship?
Know you are disagreeing with AH, but subtleties matter.
Regards,
Centurion
You are getting it wrong. Any body knows that you can not enforce anything over 10,000 pages on anybody. Thats the first thing they teach you in law school before they sell you the aftermarket courses to pass the bar.
I just downloaded a Federal appeal filed (within the hour) from PACER.
Banker lawyers join together to avoid the consequences of a Federal Stay on ALL foreclosures in an entire state.
ALL the big banker men were ordered to make appearances with EVIDENCE. NO "Motions of Protective Order" allowed.
They are beyond their appeal date but are trying it anyway. This is very bad Will.
Will you help me get the word out? All I have is little Foreclosure Hamlet.
The big question for the future of America after the revolution, is what to do with all the hundreds of thousands of corrupt US lawyers, who are the enablers of America's descent into corporate crony and murderous mass-imprisonment fascism.
The US lawyers will try to take over any legal apparatus in a post-revolutionary America (or the smaller countries that emerge).
The USA will need de-Nazification, primarily directed at those gangster lawyers. Most current American judges will need to be put in prison, but there will be plenty of space after a million or more US prisoners, innocent or now needlessly in prison for trivia, are released.
Most of the real de-Nazification happened in the last 12 months of WWII, and ultimately in the Battle of Berlin, where the Russians killed off 100,000+ of the true believer Nazis. A "Final Solution" of its own. The de-Nazification after the war was mostly a minor show for the public of the go-alongers who avoided the final battle, and those who did not get away to South America. There were not many Nazis left alive to de-Nazify.
Don't see an equivalent on the horizon for eliminating hundreds of thousands of corrupt US lawyers of which you speak.
We don't need stinkin' "legal apparatus".
If it can't be settled over the kitchen table, settle your differences outside where you won't break anything.
The return of these words?
I challenge you to a duel.
Over what?
Your lame post?
Ha! Thanks for your comments. Let's be friends, best friends.
Back to the Future II...abolish all lawyers. Or as my former boss would say, "Wipe them out. All of them."
98% of all lawyers are evil scum sucking bottom feeders that give the other 2% a bad name.....
Most of them should never ever see the light of day...People that think it is ok to lie or to cheat if it helps their client should be imprisoned for life or hung.
Dewey, Cheatham & Howe.
NASA is out of $$ so we can't shoot them into space.
How about we put them all on the new Titanic II they are building in a Chinese ship yard, then sink it in the deepest part of the Pacific?
Send all of them to CHINA !
Even worse, send all of them to Jersey.
Take him to Detroit...
http://www.youtube.com/watch?v=bVDDYQlmq0w
Give them all a Snookie to satisfy for life. Mandatory sentence. No Parole.
STOCK LEGENDS RADIO SHOW
http://stocklegends.com/episode-8-chris-camillo/
?Chris has some bright ideas on how to beat wallstreet at the investing game.
Hosts:
QuickDraw ~ Matt_Chart
Topics:
Which Country Has Nearly 1000% Debt of GDP?
The Future Of The Euro
Rehypothecation - Anyone know what this word means?
MF Global ~ Corzine Testimony
Special Guest:
Chris Camillo ~ www.LaughingAtWallstreet.com
Now THAT's cruel and (not so) unusual punishment. New Jersey Transit ships many thousands in and out every day.