I can imagine that if the results are not to the major banks liking, they simply will take their business to another, more "reasonable" arbitrator. It is not that far of a stretch to feel compelled to somewhat manipulate results if your employer will fire you otherwise.
This is the exact same kind of game playing that allegedly goes on in the food industry business. If a food giant hires a food inspection company to document that they follow safe food handling practices, just how far will the company that has been hired by the food giant go against the very company that is probably paying them for favorable results.
Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.
Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.
I have read on the internet allegations that some home appraisers may be giving out appraisals that favor the banks agenda on a case by case basis.
The beat goes on.... or should I say, the consumer beating goes on.
HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.
4 comments:
Here's a quote for you - "We are in an increasing world of haves and have-nots, and we know where JPMorgan and Goldman fall" - Michael Hecht, an analyst at JMP Securities
This is from a Reuters article that appeared on Yahoo today.
Here is the link:
http://news.yahoo.com/s/nm/20090716/bs_nm/us_jpmorgan
I think he was bragging. I was not impressed. This institution disgusts me.
The bragging rolls off of his tongue. And it is as if he doesn't even get that HE IS CAUSING the downturn in the home markets and credit card defaults.
Anybody that out of touch in that powerful of a position is a danger and menace to our society.
I can only hope that many of the afflicted people can unite.
This is an attorney general that has been slammed (and hard) for busting a union in her office. The Minnesota Legislative Auditor confirmed last year that Lori Swanson ordered attorneys in her office to falsify affidavits, file meritless lawsuits for good press, etc. She's a bad apple, and while I'm no fan of NAF, I think it's unfortunate that progressives are willing to turn a blind eye to the awful things that Lori Swanson has done in her office just because we dislike NAF. NAF is terrible, but Lori Swanson has shown that her tactics aren't any better.
How come no other Attorney General bothered to file a complaint? How come in 2002 when I wrote to EVERY STATE ATTORNEYS GENERAL plus outer territories, ABOUT GM CARD changing terms on the monthly minimum payment (they raised theirs from 2% to 2.5%), nobody did anything?
I appreciate your feedback, keep it coming, but it is frustrating that the meaty issues get ignored or pushed onto someone else's plate almost every time.
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