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From Prison to Professor

Posted on April 14 2010 4:25 pm
Jacob Laksin is managing editor of Front Page Magazine.
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From the you-can’t-make-this-stuff-up file: Convicted felon and disgraced attorney Bill Lerach is scheduled to teach a course next year at the University of California at Irvine. Lerach was recently released from prison after pleading guilty to a conspiracy charge for giving kickbacks to lead plaintiffs in class action suits. So, what will this corrupt hack be teaching? Naturally, a course called “Regulation of Free Market Capitalism — Why Have We Failed?” Lerach is not the least bit repentant about his past and he insists that if he had to do it all over again “I would not have done anything differently.” I suppose UC’s reasoning in this hire is that no one is better to lecture on the failures of free-market capitalism then the people who give it a bad name. I’m reminded of an adage that the late Bill Buckley was fond of citing: The problem with socialism is socialism; the problem with capitalism is capitalists. We see it yet again.

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