Twisting the Knife

Nothing like being stabbed, then have the guy twist the knife while its is hilt deep in you. But that's the way the legal system in the United States likes to play it.

Here's a news story about the victims of Madoff's ponzi scheme watching what little of their money that is left being devoured by the lawyerly jackals:

Madoff Trustee’s $14.7 Million Fee Request Approved by Judge

Aug. 6 (Bloomberg) -- The trustee liquidating Bernard Madoff’s investment company won court approval of a $14.7 million bill for four months’ work by his law firm, overcoming challenges from victims.

The payment to trustee Irving Picard and his firm, Baker & Hostetler LLP, was approved today by U.S. Bankruptcy Judge Burton Lifland in New York. Some victims argued Picard isn’t paying Madoff clients fast enough and is wasting money that should go to them.

Lawyers are so lovable.

In bankruptcies the lawyers always get to feast first. It doesn't matter how devastated the creditors are, the lawyers come fist. That's "justice" as it is practiced in a system of laws written by lawyers.