That wheeze, as we now know, also meant the âinvestorsâ? no longer knew the details of the mortgagor and whether he/she could make the repayments. That meant that very bad credit risks could be, and were, passed on as âinvestmentsâ?, resulting in the US sub-prime mortgage crash.
Morris was, probably, a counterfeit solicitor. Even so, as remarked by Dr. Watson’s companion, he had benefited Mr. Wilson, the red-headed pensioner by £30 and a deep knowledge of every subject coming under the letter “A” in the Encyclopaedia Britannica, before abruptly dissolving the League and ending Mr. Wilson’s income.
If you are a lawyer, you stand between the abuse of governmental power and the individual.
Our profession has been getting a particularly bad press recently all of it deserved. The trouble is erupting even as far away as Los Angeles.
The beneficiary of a professional indemnity policy is the insured professional. His client, on whom the loss may have fallen, has no privity with the insurer and, in Ireland, has no entitlement to seek payment directly from the insurer.
And undoubtedly it was a conveyancing or commercial solicitor acting for a putative private investor for a co-located hospital who had those fresh eyes.
She attended court in what would have been her Sunday best were it not for the shortness of her skirt. She was a striking figure.
Nobody in the solicitors’ profession is happy with the situations revealed in the practices of Mr. Lynn and Mr. Byrne.