Tuesday, 15 September 2009

The Fall of the House of Usher

Wall Street celebrates a year from one Big Bank (or Bang?)crash after another. It all rippled troughout the business world like a horizontal earthquake. In the meantime, the law is out of breath trying to keep up with the Joneses (or Lehmans, or Barclays). CEOs boast of virtual paper savings by 2012 (let's first live through 2012, shall we?).Shareholders buy today the promise of tomorrow's rightsizings. Don't we all know, as soon as the housing and consumer spending picks up all these magnificent frugal plans will be shoved aside, rolling the carpet for the new spending. The law MUST remain level-headed amidst all this financial turmoil, if lawyers cannot. They say tough cases make bad law. Tough times likewise. And it will all come down, roaring.

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