Bitter News, 2-10-09

Quick headlines from the Bitter Newsroom, so put down that SI Swimsuit Issue already:

In a bad economy, even prisoners are losing their positions.  Judges rule that California has to reduce the penitentiary population by 57,000. [WSJ Law Blog]

It’s Washington’s version of the golden parachute.  To avoid surviving on the pittance of government salaries while in office, many taking public-sector jobs in the Obama administration are bringing over some hefty payments from former private-sector employers, including AG Eric Holder’s $1.3 million severance from Covington & Burling.  [Washington Post]

Mini victories for Bernie Madoff.  He reached a partial settlement with the SEC, forced out enforcement chief Linda Thomsen (whose boss, new SEC Chairman Mary Schapiro, brings about $9 mill in loot from her former private-sector life) and is being credited for making seniors citizens active again[The New York Times]

Law school oracle or Caption Obvious?  Former Temple dean Robert Reinstein weighs in on the state of legal practice.  [The Philadelphia Inquirer]

There’s no “I” in “legal team.” But there is one in “Blagojevich.” He needs a new lawyer for his roster to battle federal indictment.  [Chicago Sun-Times]

Don’t know what to give that special someone for Valentine’s Day yet?  How about a 60-minute divorce?  []