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Clickbait. "Lawyers, therefore, sustain a fiction by dressing up claims and placing them in opaque asset-backed legal entities and applying an alphabet soup of
by pattisapu 7y ago
Clickbait.
"Lawyers, therefore, sustain a fiction by dressing up claims and placing them in opaque asset-backed legal entities and applying an alphabet soup of labels—"
"The first thing we'll do..."
A diminishingly small subset of a profession is tagged with some interesting, historical practices.
Most lawyers have nothing to do with any of this.
It is like saying carpenters have something to do with modern society's damage to the environment because everybody is buying houses.
- GavinMcG 7y agoThis is specifically about how "Big Law" does this – so no, most lawyers don't do this, but the prestigious and high-paying firms do. They're hardly "historical practices" when the 2007-2008 financial crisis is so recent. And the article goes deeper into the premises and mental models that place state power in service of private capital. I'm not sure why you so quickly dismissed it.
- pattisapu 7y agoYou are right. I apologize for my overblown comment.