NYT on "rebound" in NY market

#100, no idea what you're talking about, lawyers facilitate the movement of money, investment, such that your great CEO's can build things etc. Where would this nation be without capital investment? Would the public, the hedge funds, the private equity funds, etc. invest this capital without legal protection? I'm not arguing that their function is the end all be all, I'm not going to argue their contribution is on par with the entrepeneur who creates Amazon or invents a new product, but they serve a necessary function in the development of those products and making them what they are today.

Sorry...102 the expense of regulation, litigation, and frivalous legal actions has this country by the neck, and is slowly squeezing the life out of this country. I cant tell you how many class actions, pertaining to Securities I have been in. I have never gotten back any substantial amount. Frankly, havnt got back anything. However the shareholders of sued company loose, I as plaintiff get pennies, and lawyers get rich. The cost of products we all buy go up to pay for insurence and lawyers. There needs to be tort reform, and some sanity injected into our legal system. The problem is since lawyers, run the country this will never hapen and we are doomed. China is run by engineers, not lawyers. Ill put my money on the engineers.

Tort reform, sure, definitely need that, but that means all lawyers are bad guys? Do judge every profession by the lowest common denominator? doctors by the one who molests their patients? teachers and priests, the same?

I also agree that the regulation is out of control (Sarbanes for instance) but that comes from the politicians that you elect, are some of those politicians lawyers, sure, so what. Of course to some extent this regulation and the out of control tort system is an overzealous check on bad corporate actors but of course its always the lawyer's fault. Its not the murderer, not the Enron guys, not the bankers, not the accountants, its always the lawyer, its their fault, thats the ticket.

This is really no different than condemning blacks, jews or whomever in general because you had a bad experience with one or several.

In Enrons case it is the lawyers. Heck in all the scandals out there a Lawyer approved, or checked off on the transaction.

I am not saying Lawyers as individuals are bad people, I am saying the legal system sucks, and there is very litlle value added to society by our screwed up legal system.

106, well that may well be, no argument with that, but people's frustrations with that system, color people's impressions with those whose jobs it is to guide people through that system, as screwed up as it may be. Although again remember there are many many lawyers who never go near a courtroom or engage in what I'd call the legal system.

105, another silly comment. First your assuming that a lawyer or lawyers knew about the fraud, sometimes professional lawyers, accts etc are duped. But more to the point, you're saying if there was one lawyer involved, it was the lawyer's fault, not the CEO's, not the CFO's, not the accts or other professionals, it was the lawyers, and then your logic I'm sure leads you to...so all lawyers are bad. Its sorta like saying, if the guy working the xray machine that let the 9/11 guys through was black, its his fault and also that all black guys must be (pick unflattering adjective).

nuggit