GEORGE LEEF: Law Schools Imitate Enron. “I wonder how long it will be before some aggressive member of the trial bar finds an underemployed law grad to serve as plaintiff in a suit against one of the schools that fudge their numbers. That looks like fraud; it’s no different than a homeowner hiding the fact that his basement leaks from a purchaser.”

I don’t really agree that the second and third years of law school are useless, though lots of people think that law school could be two years instead of three. I certainly knew a lot more when I worked as a summer associate my second summer than I did my first. But this higher education bubble stuff is getting more attention.

And hey, maybe students can expect a government bailout. Some obviously already do.