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I will never understand that mindset. No matter how much corporate malfeasance there is, these people will slit their own throats on the alter of big business. It’s like an effin disease with these conservatives.
I didn't want to go here as this is about what the (R)'s just did and it's justifiable to slam them but the (D) were strangely quiet while Obama allowed all the malfeasance on Wall Street slide.
Come on now, this is no time to actually discuss the facts and point out outright misstatements of fact.
Wouldn't fraud, as in the case of Wells Fargo void any contract requiring arbitration?
IF you see a better article explaining this let me know, the other one reads like a sloppy blog but then again it's CNN where their motto seems to be "free opinion content is better than professional reporting" anymore.
I'm not a lawyer, so I can only interpret this as I see it.
... rule prohibits covered providers of certain consumer financial
products and services from using an agreement with a consumer that provides for arbitration of
any future dispute between the parties to bar the consumer from filing or participating in a class
action concerning the covered consumer financial product or service...
In the case of Equifax, they had some kind of arbitration agreement if you signed up for their free check to see if you were affected. The idea was that if you agreed to that, they would say you are ineligible to be part of the lawsuit and you must go through arbitration first.
Personally, I think class action lawsuits don't do much for consumers, but they can be a good punishment for bad behavior. On the other, arbitration might bring in more money, but it's less likely that many people will take them up on it, and the companies will continue with shady practices.
I didn't want to go here as this is about what the (R)'s just did and it's justifiable to slam them but the (D) were strangely quiet while Obama allowed all the malfeasance on Wall Street slide.
When Obama tried to hammer the banks by capping the compensation of execs at banks that took bailout money, the Republicans in Congress went nuts.
I will never understand that mindset. No matter how much corporate malfeasance there is, these people will slit their own throats on the alter of big business. It’s like an effin disease with these conservatives.
Well think about it, they only listen to millionaires for all their news, whether it's Fox Noise or talk radio and all the Republican politicians, they all preach making lives for rich people as easy as possible while putting down the 99% of us.
1% is a small number in terms of votes but they have a big chunk of the income, so that's how they manipulate the political system, and also use propaganda to mobilize the masses on their behalf, through think-tanks, talk radio, internet, etc.
When Obama tried to hammer the banks by capping the compensation of execs at banks that took bailout money, the Republicans in Congress went nuts.
That never happened. Besides, the (D)'s held the White House and held large majorities in the Senate and House. Part of the reason they no longer do is because Obama allowed the corrupt bankers to slide.
That never happened. Besides, the (D)'s held the White House and held large majorities in the Senate and House. Part of the reason they no longer do is because Obama allowed the corrupt bankers to slide.
(It’s worth noting, in this regard, that the related plan put forward by the Obama Treasury to limit executive pay in Wall Street firms that received bailouts turned out to be riddled with holes.)
Did it happen? NO, it did not. Did the (D)'s have the White House and huge majorities in the Congress and the House to make this happen if they really wanted to? Yes they did. Obama said many things that he simply knew was not true.
As Jimmy Carter notes, we got Trump because of the failures of Obama.
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