Obama Administration Asks Banks to Regulate Their Own Foreclosure Abuses

[amandabeech]

19. Lawyer's clients want to self-regulate.

Lawyers would probably rather than the government regulate, because then the lawyers would be called in to represent clients before the governmental regulators. That means more fees for the lawyers.

If the banks regulate themselves, even under federal statutes, it would mean less money for the lawyers.

Now, lawyers who advocate self-regulation are doing so because they're getting a hefty fee for their lobbying work.

For lawyers, its about the fee.

Always.

Take it from an ex-lawyer.