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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Webster Groves who wrote (10845)	3/10/2011 7:37:48 AM
From: James Hutton	Respond to of 119361

Given the case is generally about illegally gained money through insider trading (off of Wall Street it's called theft or robbery), the money factor is implied. No he doesn't need 7 lawyers. Who knows why he would pay for them, probably billing out at an average of $600-800/hour. Just an expensive security blanket I suppose. In addition, not only do the lawyers like the money, but it makes it less likely that any one of them can take the blame if they lose. Then there's the bully factor - you'd better watch out, lowly paid government prosecutor cause I've got a lot of high-paid muscle, etc. Don't underestimate that message. Finally, his lawyers (and the prosecutors) no doubt told him what he faces if he loses (jail, a long-time without access to the Maseratti, and no Hamptons getaways). Facing that, he'll pay whatever he thinks it takes. What he really needs to do is say he's going to devote his money and time to catch the dude that was impersonating him when he did all those inside trades. Or I guess that comes after the acquittal.