Category: Legal Aspects

I have posted several times about this New York TTT, and once again, they have provided yet another amusing anecdote. I didn’t know whether to laugh (I did) or cry for the students of this TTT.

New York Law School, which is run by greedy pig Access loan board member Richard Matasar, announced that it is giving a few of its 3Ls scholarships to Solo Practice University. Recent grads and alums of the toilet will get discounts to learn how to run their own practice. And they’ll have to, since most of them graduate without a job.

Here’s what NYLS Deanhad to say:

We are committed to helping our students and alumni become effective practitioners. SPU offers wonderful resources, especially for those who will open their own offices or join small firms. We urge all of our students to take an active role in networking with practitioners and learning about aspects of law practice that aren’t always covered in traditional law school courses.

Here’s what he’s really saying:

None of our graduates get jobs; there aren’t any, but also because NYLS sucks and everyone in the legal community is well aware of that. But I’m charging more tuition than Harvard so I have to do something to keep the suckers coming through the door. And what the hell, Solo Practice is giving me a piece of the action for every alum that I get to sign up.

Well, at least NYLS has provided financial success for its Dean; it’s a shame the cost of his success was the failure of its students.

Goldman Sachs is not an equal opportunity employer (white men only) but they believe in giving everyone on the planet a shot at being screwed by them.

A senate committee has accused Goldman Sachs of selling poor quality mortgage securities and betting against them and is asking the Justice Department to investigate CEO and scumbag Lloyd Blankfein’s prior testimony to Congress. There were similar allegations against Deutsche Bank.

We’ve all known that he is a lyingfor over TWO YEARS!!! And the Senate is just calling for an investigation now? After two years? Why doesn’t the Senate just have a bonfire with our tax dollars? At least it would keep a couple of people warm.

Goldman “disagreed” with the report. Really? Well, the rest of the world disagrees with you, Goldman. Now go shove some of your ill-gotten gains up your asses and shut theup.

According to the report, as the Hudson 1 securities declined in value, Goldman made $1.3 billion in profit at the expense of the clients to which it had sold the securities.
Deutsche Bank AG helped put together a $1.1 billion CDO known as Gemstone 7 and “filled it with low-quality assets” and rushed to sell it “before the market falls off a cliff.” According to the report, Deutsche Bank’s top CDO trader, Greg Lippmann, described some of those securities as “crap” and “pigs,” and predicted the assets and the CDO securities would lose value.

Crap and pigs. Pot, meet Kettle.

If it was acceptable to bail out these crappy pigs, then students who have done nothing wrong but believe the lies they were told by their law schools deserve not only a bailout, but an apology for being mislead as well as an apology from Congress for allowing the schools to do it. It goes without saying that an apology from the loan sharks who fed off students for years is long overdue.

The school scam starts young; even 3 month year old babies are being scammed. Well, their parents are. YourCan Read is the preferred scam for the drooling crowd.

The ads claimed that any preschooler could learn to read before kindergarten if you buy their flash cards and DVDs. But wait, could it all be bullshit a scam? Can babies really learn to read at 3 months? The experts all say no.

10 experts who were all of the same basic opinion: Young children can be made to recognize or memorize words, but the brains of infants and toddlers are just not developed enough to actually learn to read at the level the way the enticing television ads claim they can.

Oh, my, so they were manipulating facts to get parents to buy an educational product that doesn’t work? Where have I heard that before? Oh right, that’s what the law schools do! Nice to see there is some consistency in American education.

The entire school scam in a nutshell:

Buy this crap and learn to read before you can crawl, get into the right preschool, which gets you into the right kindergarten, into the right grade school, an expensive private high school, then drop $200,000 on a worthless bachelor’s degree, and if you’re really lucky, get into a law school and drop another $150,000, to wind up unemployed and $350,000 in debt.

I think it’s misleading. I think it’s false, and I think it raises false expectations, said Dr. Karen Hopkins, a developmental pediatrician at New York University’s Langone Medical Center

Misleading, false information, raises false expectations. That’s the way to get students to enroll, from birth to graduate school. False is the business model all schools follow.