Home > Adding up, Airlines, Common Sense, Debt Crisis, Financial Regulation, Hypocrisy, It's all about money, It's just wrong, Madness, Morality, The economy, Why it's all gone horribly wrong? > An industry in desperate need of #regulation #administration #legal #onlyonewinner #openchequebook

An industry in desperate need of #regulation #administration #legal #onlyonewinner #openchequebook


English: A newer model American Airlines Airbu...

English: A newer model American Airlines Airbus A300-600 inbound to John F. Kennedy International Airport. (Photo credit: Wikipedia)

fees and expenses in the 15-month-old American Airlines bankruptcy case have just passed $250 million

via Fees & expenses top a quarter billion dollars in American Airlines bankruptcy | Airline Biz Blog.

So what am I bleating about now?

Is it the amount that lawyers and legal folk charge for their services? Well of course it is (a bit)

But most of all, the fact that there never seems to be a cut off point from the outset, about when the work will be concluded. It is a complete conflict of interest, as the customer wants a quick resolution and the legal folk want it to go on forever?

Just out of interest, does anyone know how much the Lehman unwind will eventually cost?

Common sense, don’t sit in a taxi cab without first negotiating the fare!

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