>COUNTRYWIDE AND THE RACTICE OF THE LAW
>BEYOND FINANCIAL- COUNTRYWIDE AND THE COURT IN LA — THE PRACTICE OF THE LAW
The posting below appears benign to me. But for some reason it was one of the most irritating to some readers.
Immediate responses included:
Does this person need a hotline number to call or something? Someone call someone and get him some help.
He should be jailed for contempt.
At some level I believe that Enron was about the Practice of Accouting and Audit. Sure, Sarbanes-Oxley did not mince words on the attorneys, and it did make some significant changes in the law regarding the duties and responsibilities of corporate attorneys (albeit the necessary SEC regulations were blocked from ever seeing the day of light).
Yet Accounting and Audit were at center stage, and CFO Fastow -the main character. James Derrick, the General Counsel, was a support role at best, barely got any lines…
When everything is said and done, I believe that Countrywide will be about the Practice of the Law. Accordingly – Sandor Samuels will be in the main character role, not Angelo Mozilo. The Practice of the Law may include:
– Litigation and the Courts
– Handling of Regulatory Agencies
And the key concept to be analyzed would be “Streamlining”.