tag:blogger.com,1999:blog-3660083024919144793.post4707609530434843364..comments2024-03-28T07:16:35.912-06:00Comments on Outside the Law School Scam: More LSAC Hi-jinksUnknownnoreply@blogger.comBlogger75125tag:blogger.com,1999:blog-3660083024919144793.post-59474867139683214182015-09-01T14:07:02.242-06:002015-09-01T14:07:02.242-06:0011:23,
Most of them can't pay it back. As in,...11:23,<br /><br />Most of them can't pay it back. As in, they will never make anywhere close to the salary needed to service the loan. They should pay it back, but short of winning the SuperLotto many of them won't ever be able to do so.<br /><br />That is why we need to shut off the student loan spigot. Federal lending policy is incredibly stupid. That some kid with no job and no property can take out $200k in loans to go into a field where outcomes justifying such an expenditure are not typical is insane. Anything else is purely secondary to this objective.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-59983923542983733472015-08-30T12:23:59.173-06:002015-08-30T12:23:59.173-06:00@10:52,
The student loans won't "destro...@10:52, <br /><br />The student loans won't "destroy" anything as long as the borrowers pay the money back with interest - so naturally I assume that you are a FIERCE advocate of making sure that that happens, right? <br /><br />LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-16823057931675169752015-08-30T05:53:30.112-06:002015-08-30T05:53:30.112-06:00I wouldn't call it a scam, just a natural prog...I wouldn't call it a scam, just a natural progression of where things are going with law.X-RWUnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-719157802319130552015-08-29T23:52:48.919-06:002015-08-29T23:52:48.919-06:004:56,
Nice try, but no. I believe that the taxpay...4:56,<br /><br />Nice try, but no. I believe that the taxpayers should pay $0 for any lemming attending law school. Student loans are destroying this country, and they must be stopped. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-91592868911484428582015-08-27T17:56:24.788-06:002015-08-27T17:56:24.788-06:00@11:51,
LOL, so I suppose you believe that every...@11:51, <br /><br />LOL, so I suppose you believe that every single person on earth who reads that sentence is entitled to have the taxpayers give them $250,000 to play with, with no obligation to ever pay it back. <br /><br />Is that what you are saying? He didn't even limit it to HIS specific law school, but rather to law schools in general. <br /><br />That's the strongest example you can even think of? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-47021236483414184572015-08-27T12:52:21.757-06:002015-08-27T12:52:21.757-06:00Tens of thousands of young Americans are still des...Tens of thousands of young Americans are still destroying their lives with their poor decisions to attend law school. We have to keep talking about this until the law school cartel collapses and the fraud ends.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-20397334214273990302015-08-27T12:51:06.097-06:002015-08-27T12:51:06.097-06:008:14,
The entire Simkovic "study" for ...8:14,<br /><br />The entire Simkovic "study" for starters? His followup conclusion that:<br /><br />"For many college graduates, the $30,000 to $60,000 extra per year that they can typically earn with a law degree will mean the difference between living in a safe and clean neighborhood or one that is dangerous and polluted."<br /><br />This statement is extremely misleading, as a great many law school graduates only find themselves in greater poverty. Were it uttered in any other context, Mr. Simkovic would be on the hook for fraud. The courts have ruled though that law schools and their enablers have carte blanche to defraud as many people as they like.<br /><br />I expect you are going to try to rebut this by claiming the statement isn't old enough for law school grads to have relied on. This just happens to have been the most convenient example. The lies didn't just start now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-40648072449930543812015-08-26T23:34:37.686-06:002015-08-26T23:34:37.686-06:00It blows my mind that people are STILL whining and...It blows my mind that people are STILL whining and complaining about law school. How long ago did most of you go? You all sound like a BROKEN record!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-3843922849063099522015-08-26T21:14:50.464-06:002015-08-26T21:14:50.464-06:00@11:16,
"Suggesting that anyone was guarant...@11:16, <br /><br />"Suggesting that anyone was guaranteed anything is a tired line of Boomers that ignores the basic fact that the vast majority of law school graduates have no chance of ever making a career in law ... This is why law schools are so terrible; they lie about the expected outcomes of earning their degrees." <br /><br />But, sir! Sir! Why won't you provide any SPECIFICS about these lies? Can you offer an actual quote? Something in writing, perhaps? <br /><br />See, this is why all these debtor lawsuits have (almost without exception) been laughed out of court: the plaintiffs get awfully slippery and evasive when you ask them to recite the precise language that "tricked" them. <br /><br />For most of these fools, BUYER'S REMORSE is precisely the same thing as proof positive that they were "defrauded." And yet they never want to share the info about what the fraudulent statements were. How very odd!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-73382115443621968012015-08-26T21:06:40.644-06:002015-08-26T21:06:40.644-06:00@8:12,
Are you a little bit, um, CONFUSED? The l...@8:12, <br /><br />Are you a little bit, um, CONFUSED? The law schools don't "get lent money" from anyone - the borrowers do. They asked for it. Whether or not the money SHOULD have been loaned to them in the past, the fact remains that they should pay back the money that they borrowed ... right? <br /><br />"The lemmings dying on the street doesn't get me my tax dollars back, as the law schools will just start filling their seats with bums of the street if they have to. What then?"<br /><br />Can I borrow some money from you? It sounds like you would be an awesome lender, what with your nihilist philosophy about being paid back. Yep, you got me - the debtors can avoid repayment by dying of old age. But in the meantime (say, the next 65 years or so), shouldn't the creditor at least make a good-faith effort to get his own money back? I don't see how the rightness of that last proposition can even be seriously challenged.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-35287243026240208182015-08-26T19:30:22.737-06:002015-08-26T19:30:22.737-06:00This Connecticut drive-thru law firm is one brilli...This Connecticut drive-thru law firm is one brilliant scam. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-77971183735658291442015-08-26T15:29:53.067-06:002015-08-26T15:29:53.067-06:00OG - You've certainly shown a lot more forbear...OG - You've certainly shown a lot more forbearance than I would have.ITOTnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-82747993355460969392015-08-26T11:30:49.083-06:002015-08-26T11:30:49.083-06:00Part of the problem is that 25,000 first year jobs...Part of the problem is that 25,000 first year jobs do not add up to a million jobs for lawyers, making it impossible for a large portion of the law grads who get entry-level legal jobs to continue as lawyers until age 66 or 67 on average, the Social Security retirement age. The number of U.S. lawyer jobs is only 760,000, and that number annualizes lawyers working less than full-time. So you will have half the lawyers who get entry -level lawyer jobs in fact unable to continue working as lawyers or working part-time because there are not enough career lawyer jobs for everyone who gets an entry-level lawyer job to have a career as a lawyer.<br /><br /><br />BLS does not collect any pay figures for the couple of hundred thousand self-employed lawyer jobs, (which probably equates to many more than a couple of hundred thousand human beings, many of whom are underemployed). Therefore, the compensation figures published by BLS vastly overstate the compensation of licensed lawyers. <br /><br />If you look at the new 2015 NYU Law class profile, the LSAT statistics have dropped since last year, and thankfully the class is a little smaller. Even a top law school like NYU is very risky at a 430 person class size. Now if the class was half of that, before and after this moment, and other law schools produced only enough lawyers to fill only 800,000 legal jobs for 40 years, an NYU law degree might be a very valuable degree. With the current numbers of lawyers vs. jobs, an NYU law degree is playing the lottery, and the declining LSAT numbers reflect that some people who can get in are recognizing the huge risk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-9382105778284254122015-08-26T09:12:38.837-06:002015-08-26T09:12:38.837-06:00@5:16,
Even if every single point you make is 100...@5:16,<br /><br />Even if every single point you make is 100 percent correct, (which as I stated, I am not sure is the case), the law schools and higher Ed administrators are the power players that lobby, ie bribe, the government to make sure this system remains in place.<br /><br />I can't sell a product to idiots and get a guaranteed return from the federal government. What you fail to realize is that the schools got the money and the tax payer is going to foot the bill no matter what. Even if all of these lemmings never have the debt discharged and die on the street, they won't pay the debt back (either because they can't or they don't want to). The law schools are lobbying for this scheme: they get lent money from people who can't or won't pay back and then make taxpayers such as myself pay for it. I don't understand how they are somehow exempt from this thievery. The government isn't offering guaranteed and non discharge able money for other products, why this one?<br /><br />The purpose of these loans is to fill the coffers of the law schools, and it is the law schools and other higher education institutions that are maintaining a system that enriches itself at the tax payer's expense. The lemmings are the conduits for this exchange. The lemmings dying on the street doesn't get me my tax dollars back, as the law schools will just start filling their seats with bums of the street if they have to. What then?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-26481861584865936832015-08-26T07:06:28.730-06:002015-08-26T07:06:28.730-06:007:32 is gribble. You can tell by the style of writ...7:32 is gribble. You can tell by the style of writing. Banned on JDU, banned in life.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-40503866441885207532015-08-26T00:16:33.868-06:002015-08-26T00:16:33.868-06:005:16,
"I guess every financial institution s...5:16,<br /><br />"I guess every financial institution should act like some kind of "mad banker" - one that gives every single person $250,000 to play with, with no expectation that they ever pay it back. How long do you think that bank would stay in business?"<br /><br />Evidently they can stay in business a while, if that bank's loans is guaranteed by taxpayers. Very few of these debtors will ever earn enough to pay back their loans. Suggesting that anyone was guaranteed anything is a tired line of Boomers that ignores the basic fact that the vast majority of law school graduates have no chance of ever making a career in law. Paying your dues has nothing to do with it; your typical grad from your typical law school will never make good money as a lawyer.<br /><br />This is why law schools are so terrible; they lie about the expected outcomes of earning their degrees. Likewise, scamblogs are great because they open people's eyes to the lies. Law school enrollment has been declining for years and it needs to continue going down. The situation can't be rectified until a large number of law schools close.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-90967266209514919622015-08-25T22:48:15.761-06:002015-08-25T22:48:15.761-06:00As a moderator of this site, I decline the suggest...As a moderator of this site, I decline the suggestion that I go elsewhere.<br /><br />This really isn't the place for protracted personal attacks, let alone defamation. Inappropriate messages may be deleted without notice.<br />Old Guyhttps://www.blogger.com/profile/02399124824529778710noreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-55002115823701291012015-08-25T19:35:03.841-06:002015-08-25T19:35:03.841-06:00@9:12,
Yes, you POOR LAMB.
Why would an instit...@9:12, <br /><br />Yes, you POOR LAMB. <br /><br />Why would an institution of high finance make a loan to a LAMB? How could they expect a LAMB to pay the money back? <br /><br />A LAMB doesn't understand money! It sure does like to spend it, though. <br /><br />LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-31379225451082321792015-08-25T18:16:02.327-06:002015-08-25T18:16:02.327-06:00@1152,
Let's agree to disagree. As I said, t...@1152, <br /><br />Let's agree to disagree. As I said, the debtors' claims fall apart if you press them for any "specifics" at all about what they were "promised." Was the promise in writing? Was a specific promised employer identified by name? Did the law school promise a specific start date at the promised job? No, of course not.<br /><br />Face it - most of the lemmings sold THEMSELVES on attending, with very little prodding from anyone. I mean, it's not like the law schools kicked down their goddam DOORS and kidnapped them - right? <br /><br />I guess the students were supposed to just put their feet up and let the law schools pass the bar exam for them, send out their resumes, and go to the interviews for them, right? "Hey, kids, take a load off and let our law school do all the work for you while the money just ROLLS in" - is THAT what the law schools specifically promised their students? Hmmm? If the students were THAT easy to "trick," then they probably would never have been any good at practicing law anyway.<br /><br />Also, you act liek the money went directly from the taxpayers to the law school. Aren't you, um, FORGETTING someone in that analysis? The debtor ASKED to borrow the money - and then he CHOSE to give it to a law school. You seriously don't think a borrower should have to pay back the loans that they take out? <br /><br />I guess every financial institution should act like some kind of "mad banker" - one that gives every single person $250,000 to play with, with no expectation that they ever pay it back. How long do you think that bank would stay in business?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-15799452247297788962015-08-25T12:52:30.199-06:002015-08-25T12:52:30.199-06:00@8:29,
I think the law schools and professors are...@8:29,<br /><br />I think the law schools and professors are worse because they are the mob bosses and the student debtors, at worst, are the soldiers. I don't agree with your opinion that these folks were not tricked, nor do I agree with you that the law schools were not actually trying to deceive anyone. In fact, one of the decisions that was dismissed in court clearly stated that the schools were actively deceiving, but kids with college education should have known better.<br /><br />I'm prepared to concede to you that these people should have their lives ruined for being stupid if you agree that law professors and administrators belong in jail. ( I don't agree with you that that's the right thing to do, but if you'll concede the professors and administrators belong in jail for their theft, I'll concede it). They are the power structure. They are the ones lobbying the government to make sure this situation continues. They are the ones that have regulatory captured the ABA, both ensuring that curriculums remain useless and that any idiot (who will not be able to pay back the debt) can go to law school. Most importantly, they are the ones who keep the TAX PAYER DOLLARS.<br /><br />The only way your morality makes sense is if you are the type of conservative that believes the weak, naive and stupid should be destroyed, EVEN IF THE TAXPAYER eats the bill. I believe the tax payer shouldn't be in the social Darwinism business, where I fund (by having to pay back the unpaid debt) of the lavish lives of the trust fund professoriate so they can sort out who should be destroyed or not.<br /><br />Think about it this way. I'd like to sell shit product to idiots and get paid for it guaranteed by the government, but I can't because that's not how capitalism works. If I bribe politicians to make this scheme a reality, I can't absolve myself of my thievery by arguing that it's the fault of the idiot consumers who bought it.<br /><br />There is pent up demand for plenty of shit people want but can't have; it's the government and the puppeteers that make this product different, ie law degrees different. I hold them responsible because they are structuring, enabling, and enforcing the theft.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-13764745488813476732015-08-25T10:12:01.138-06:002015-08-25T10:12:01.138-06:0010:52 here, paying taxes and paying back my studen...10:52 here, paying taxes and paying back my student loans. Difference is unlike the troll, I'm not a sociopath working for the law schools to silence criticism so they can lead more lambs to the slaughter.<br /><br />I'm pretty sure the country would be plenty enriched if we dumped the law prof parasites. They're the ones getting fat off of massive handouts courtesy of the American taxpayer, yet you aren't railing against them. As I have said before, end this student loan idiocy and everyone will be better off for it; everyone except the scamsters, but they can go fly a kite.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-16382468267264465542015-08-25T08:44:39.748-06:002015-08-25T08:44:39.748-06:00That seems like a staggering number, it's hard...That seems like a staggering number, it's hard to wrap your head around it, and another 50,000 will be out in 8-9 months from now.LawDadnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-77103565378511817752015-08-25T06:22:45.507-06:002015-08-25T06:22:45.507-06:00@2:19,
LOL - you keep ducking the question, man....@2:19, <br /><br />LOL - you keep ducking the question, man. How's the job search going? Which firms are you interviewing at today? <br /><br />Yeah, that's what I thought. Since you aren't working - OR even looking for a job - maybe you should just post a list of all the movies you will be watching today while everyone else is at work. LOL, the movies probably all feature dogs, don't they?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-43834735622516179042015-08-25T03:19:13.701-06:002015-08-25T03:19:13.701-06:00We're not ripping into one another, we're ...We're not ripping into one another, we're ripping into a sociopathic troll.<br /><br />It looks like the Internet may not be quite as elite and pretentious as you'd like it to be. In that case, you may want to go elsewhere. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-66793336243635598532015-08-24T22:43:50.304-06:002015-08-24T22:43:50.304-06:00I just want the lazy debtroaches to leave the coun...I just want the lazy debtroaches to leave the country. Or maybe I'll be the one to leave instead. Hopefully not - they probably won't bail out the roaches. Of course, my departure would be a regrettable instance of the country losing money. 9:53's exit would be liek a tapeworm exiting its host.Anonymousnoreply@blogger.com