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Old 09-13-2009, 10:12 AM
 
48,505 posts, read 96,610,333 times
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Quote:
Originally Posted by ergohead View Post
The "best" lawyers are owned and operated by wealthy corporations.
The best p;awyers are owned by no one but themselves and they are the real money base of teh democrtic party;trial lawyers. That is why their are so many. they also are powerfulk because a good lawyer often wins much of waht his suffering clients win in a suit. many make a living having never actually set foot in a court room they have so perversed the civil legal system. They often are more clver than really smart. behind every big crook is a lawyer.
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Old 09-13-2009, 10:27 AM
 
14,249 posts, read 17,872,157 times
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Quote:
Originally Posted by hotair2 View Post
Yes accounting firms should not have to worry about being sued or regulated. Oh wait, I seem to remember Arthur Anderson helping Enron pretty much rob their shareholders blind.
No problem with auditors being regulated. They are regulated by the PCAOB. I get at least one PCAOB review a year.

Lets take your Andersen/Enron example. The Enron shareholders got nothing out of Andersen (edit .. I think they got $40 million out of AA worldwide). They were put out of business by the DOJ and 28,000 people lost their jobs. As a practical matter, our firm wins almost all of the law suits brought against us. But it costs money to do this both for us and for the plaintiff. The only people who really win are the lawyers.

Obviously the $300 million a year we pay in practice protection has to come from somewhere. It comes from the shareholders of all the firms we audit. The practice protection premium in our fees is probably around 20% - 30% for audit clients.

Generally, the auditors get sued when a company fails because they are the only ones left with any money. I'm not ex-AA but followed the Enron case with interest. In fact, the accounting used by Enron was approved by the SEC and was in line with US GAAP. Did the auditor own any of the fault? Absolutely! But they were far from being alone. However, as you cannot sue the SEC (witness Madoff), you have to go after someone else.

Last edited by Jaggy001; 09-13-2009 at 11:06 AM..
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Old 09-13-2009, 10:37 AM
 
19,226 posts, read 15,280,299 times
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Quote:
Originally Posted by cagey cretin View Post
Which means the ones filling the halls of congress and oval office are the dunces.
Well, they too are owned and operated by wealthy corporations.
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Old 10-06-2009, 06:31 PM
 
Location: Earth Wanderer, longing for the stars.
12,406 posts, read 18,924,382 times
Reputation: 8910
I worked in a company that subcontracted work to AA consultants in other than accounting work. THeir people knew nothing and we were expected to train them. AA did not train their employees, but just dumped them in various hotel rooms with one experienced person and a bunch of manuals for a few days before they were to show up on the job.

When I asked why the company tolerated such incompetance I was told one hand washes the other and AA was also used as the company's auditors.

I had always been told, prior to this, that AA was the apex of good business practices. I think our entire system is based on corruption and unfair competition. I think our major corporations are bloated and top heavy and use government influence to stifle competition from the small guy.

We are not capitalist, believing in competition. We believe in socialism for the large businesses, who receive all sorts of government handouts and perks - folks are saying we have a 'corporatist' form of government.

We are a government of big business, by big business and for big business.
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Old 10-06-2009, 06:50 PM
 
41,815 posts, read 50,868,443 times
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Here's one study:

Quote:
http://www.towersperrin.com/tp/getwe...sts_trends.pdf

The U.S. tort system cost $252 billion
in 2007, which translates to $835 per
person
or $9 per person more than
in 2006
In 1950 adjusted for inflation it was $102 per person.

Having said that quantifying is really an issue, whatever it is the amount is substantial and we need to do something. It's no coincidence the bulk of this advertising done by these leeches is done in the afternoon during the Jerry Springer type shows. The truck ones are common "Have you been in truck accident?..... Trucking firms usually carry very large policies, try going into that office and tell them you want to sue the uninsured driver that just ran you down.
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Old 10-09-2009, 11:03 PM
 
Location: Earth Wanderer, longing for the stars.
12,406 posts, read 18,924,382 times
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Quote:
Originally Posted by thecoalman View Post
Here's one study:

In 1950 adjusted for inflation it was $102 per person.

Having said that quantifying is really an issue, whatever it is the amount is substantial and we need to do something. It's no coincidence the bulk of this advertising done by these leeches is done in the afternoon during the Jerry Springer type shows. The truck ones are common "Have you been in truck accident?..... Trucking firms usually carry very large policies, try going into that office and tell them you want to sue the uninsured driver that just ran you down.
My main concern is medical malpractice. I think some businesses only get a conscience when it hurts in the pocketbook. I mean, companies that do massive layoffs of employees and send those jobs overseas often were making a tidy profit in this country, but think nothing of their American employees and their families. Profits dictate what happens in this system, which is the way it should be. The recourse of an American who is wronged is the justice system.

It is possible to reduce spurious claims without having to penalize the legitimate ones.

It is a matter of record when the same person files repeated claims or when a lawyer's 'expert' witness is used in case after case after case.

There are countries in which the person filing the complaint pays for at least part of the other side's or the court's expenses if he loses the case. That would make some idiot think twice about how serious his injuries actually were before filing.

The just should never be thrown out because of the unjust. People who are permanently maimed should not be doubly injured by our court system.
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Old 10-09-2009, 11:13 PM
 
9,855 posts, read 10,388,569 times
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People who have a just claim should be able to file. Lawyers who are not educated should be punished. One of my doctors received a notice of intended suit for a patient she never even saw. She was consulted but never saw the patient before he passed away. The attorney asked for records without following proper HIPAA procedure. We reported the claim to the malpractice insurance company. I hope this guy loses his license to practice law.
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Old 10-10-2009, 09:57 AM
 
Location: Chicagoland
41,325 posts, read 44,843,467 times
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Hot Air » Blog Archive » CBO: Tort reform would reduce deficit by $54 billion
Director’s Blog » Blog Archive » CBO’s Analysis of the Effects of Proposals to Limit Costs Related to Medical Malpractice (“Tort Reform”)

Quote:
But that’s not the end of the savings, either. A 0.5% reduction in health-care costs would mean $11 billion in savings per year overall, with roughly 40% of that benefiting the federal government in Medicare and other federal program costs. That amounts to a whopping $110 billion in cost savings over ten years to the entire medical industry, which would help keep premiums in check for consumers.
Is Tort reform in ANY of the democratic bills? No, of course not.
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Old 10-10-2009, 11:05 AM
 
19,198 posts, read 31,406,452 times
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The shocking truth about tort reform is that about 25% of its proposed savings come directly from a TAX INCREASE on middle-class Americans!!! That's right...get ready to fork over another $13-15 billion of your hard-earned money for some more of that there government waste, fraud, and abuse stuff if tort reform ever passes!!!

And how about health outcomes? Some of those supposedly unnecessary tests that are done as part of your so-called "defensive medicine" actually find things that are seriously wrong with people. Those people would simply DIE if you had your way!!! You tort reform people are just another right-wing DEATH PANEL in disguise...
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Old 10-11-2009, 01:04 PM
 
Location: Earth Wanderer, longing for the stars.
12,406 posts, read 18,924,382 times
Reputation: 8910
Quote:
Originally Posted by saganista View Post
The shocking truth about tort reform is that about 25% of its proposed savings come directly from a TAX INCREASE on middle-class Americans!!! That's right...get ready to fork over another $13-15 billion of your hard-earned money for some more of that there government waste, fraud, and abuse stuff if tort reform ever passes!!!

And how about health outcomes? Some of those supposedly unnecessary tests that are done as part of your so-called "defensive medicine" actually find things that are seriously wrong with people. Those people would simply DIE if you had your way!!! You tort reform people are just another right-wing DEATH PANEL in disguise...
Tort is the only recourse of an American wronged by industry. The solution to the problem is to kick out medical people who make a lot of mistakes and close facilities that have bad practices and to make sure people are trained well and keep up to date in their fields.

For every person working the system by filing lots of suits there are also many who could sue but did not. There are people who morn the death of a loved one and know that nothing can bring them back and really don't see the point of suing. There are others who feel that nobody is perfect and both understand and forgive whatever people or process that resulted in a bad outcome. Others even think that when your time is up, it's up or that God has made the ultimate choice.

No, the thing is to avoid the bad practices that often lead to injury and lawsuits and not penalize the victim or his/her family.

I, too, believe that non harmful testing done on many is a valid thing to do if it ends up saving lives of a few. Often much testing leads to cheaper tests and methods. If we do not share this attitude then each of us who has a non-conforming physiology of condition can be left floundering in an abysmal health situation because the system will no longer treat the exceptions.

Wasn't there a time, when we were all fearful of aids, when doctors would test automatically for aids? Surely, the majority of us did not have that disease, nor show any indications of the lifestyle that would lead to it. Yet, for the public good, to hopefully be able to save just a few lives, we had the testing.
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