From: MARVINA N ROBINSON [mailto:firstname.lastname@example.org]
Sent: Wednesday, November 12, 2008 5:22 PM
Subject: RIN # 3064-AD37
To Whom It May Concern:
I am an attorney in private practice in Texas very interested in legal
services to the poor.
Straight to the point … in my judgment, the Temporary Liquidity Guarantee
Program will have dire consequences on the poor who seek basic legal
representation from entities funded, even in part, by Interest on Lawyers
Trust Accounts (IOLTA) monies.
On a monthly basis, I look at my IOLTA bank statements and,
notwithstanding the credits to the account, I fuss about the attorney’s fees
my clients owe, know they owe and have absolutely no intention of paying
unless I sue them. I think about what I could do with those attorney’s fees
owed to me. Yes, I make a fuss every month as if someone listens and
However, I never – and that’s a real-world never, not a defense lawyer’s
punishment argument “never” - complain that the interest on that account is
credited on one day and debited the same day. Gone. I refuse to complain
because I know that money goes to a worthy cause – not my overpriced car,
home, wardrobe, vacations, etc. That is one debit on my business that never
frustrates, always delivers.
I urge consideration of IOLTA accounts as non-interest bearing accounts
under the terms of the TLGP. Alternatively, because attorneys must have a
plan B for the clients whose situations require it, I ask an exception be
made in the TLGP interim rules providing unlimited deposit insurance to
Your attention to this correspondence is appreciated.
Marvina N. Robinson
Marvina N. Robinson, PC, Attorney at Law
601 Strada Circle, Suite 105
Mansfield, Texas 76063