The old joke said lawyers swimming in the ocean needn’t worry about sharks because the predators never attack one of their own. Besides killing retirements and jobs, today’s Hope It Changes economy is retiring lots of old jokes and not just the old jokes in Congress.
Reuters has the story:
… two class-action suits were filed by graduates of New York Law School … and Thomas M. Cooley Law School … amid growing scrutiny over whether law schools across the country are deliberately concealing the truth about their graduates’ employment and salary in order to enroll more students despite their dismal job prospects.
Suggestion: Michelle said she and Barack shunned lucrative corporate jobs in favor of community service. Considering all the free travel, housing, vacations, and all the food she can eat, you’d have to say the community serves them pretty well.
Among the tactics allegedly employed by the schools were misclassifying graduates with temporary or part-time jobs as “fully” employed, omitting information about graduates who didn’t respond to employment surveys, and creating post-graduate job programs to hire their own graduates.
The Stimulus and Obamacare, both designed by lawyers, were also surrounded by phony claims. Must be part of the curriculum.
“The law school industry today is much like a game of three-card monte, with law schools flipping over ace after ace, while a phalanx of non-suspecting players wager mostly borrowed money based on asymmetrical information on a game few of them can win,” according to the New York lawsuit.
Both sides better have good lawyers. It sounds like they can use the work.
– Written by Bonfire of the Absurdities
Source: Reuters
