1968mooney wrote:down home wrote:1968mooney wrote:down home wrote:
I had them cross it out and sign it. It is nasty piece of legislation, un American and illegal the way I read our Constitution. In the first case to a judge a nurse, in Alabama, fired because she wouldn't sign the clause, was told he agreed to the clause by just working there and had no standing to sue.
Simply put the Mandatory binding Arbitration eliminates Citizens right to eek redress, in the Courts. It says you can elect to got to Court but if either side decides they want arbitration instead, then you are bound to it. They have a list of arbitrators, Lawyers even Law clerks, you choose from, if they let you. These Arbitrators almost always side with the Companies. If they decide against a company they are removed from the list.
This was one part of the Visa Credit Card private Legislation. The other letting Banking and Lenders set up their own capricious and illegal Credit Bureaus and rating system. Don't have any debt you can't buy anything. Don't keep enough debt revolving, and your credit score is so low that you may not be able to buy anything, including your first home. Son paid for everything, had two savings accounts, two 401Ks and Roth, and money,in the bank. Couldn't buy a home. had to pay for a secured credit card he didn't want and buy and pay on it and was charged for the card in addition to the deposit amount and so on.
Talk about leaving a soured taste in your mouth. gone are the days when you walked into the bank and got a signature loan, for 90 days and maybe extended it for a year for a small amount to buy a car etc. Regulations by Fed, and virtually all Banks and Credit unions are Fed now.
Not much saving going on. They don't want to pay to use your money. They get money printed for them by our Treasury and charge it/us for it.They want us to borrow money from them or use plastic. They make money on every transaction with plastic and increase the cost of all goods and services by that much.
Sounds as if you need to move further "south". You hate our banks and economy so much, Mexico would be great for you. :S
Sounds like you haven't got a clue. Our economy is in the tanks thanks to your attitude.
Feel free to discuss it with me in person. I'll bring my books and accounts. I've been in, that business and others since before you were born.The People never chartered the Fed, nor Visa and most certainly not to run the economy and Republic. Jackson was right.
1st. I am 75 yrs. old so you must be 100.
2nd. I have had a great yr. Economy is best it's been in 5 yrs.
3rd. I would not waste my time on "know it all's" like you.
My ATTITUDE is great !!!!!!!!!!!!
Have a MERRY CHRISTMAS :B
Rollnhome wrote:
These arbitration clauses have been around for many many years. 50 I can think of. They are nothing new.
down home wrote:1968mooney wrote:down home wrote:
I had them cross it out and sign it. It is nasty piece of legislation, un American and illegal the way I read our Constitution. In the first case to a judge a nurse, in Alabama, fired because she wouldn't sign the clause, was told he agreed to the clause by just working there and had no standing to sue.
Simply put the Mandatory binding Arbitration eliminates Citizens right to eek redress, in the Courts. It says you can elect to got to Court but if either side decides they want arbitration instead, then you are bound to it. They have a list of arbitrators, Lawyers even Law clerks, you choose from, if they let you. These Arbitrators almost always side with the Companies. If they decide against a company they are removed from the list.
This was one part of the Visa Credit Card private Legislation. The other letting Banking and Lenders set up their own capricious and illegal Credit Bureaus and rating system. Don't have any debt you can't buy anything. Don't keep enough debt revolving, and your credit score is so low that you may not be able to buy anything, including your first home. Son paid for everything, had two savings accounts, two 401Ks and Roth, and money,in the bank. Couldn't buy a home. had to pay for a secured credit card he didn't want and buy and pay on it and was charged for the card in addition to the deposit amount and so on.
Talk about leaving a soured taste in your mouth. gone are the days when you walked into the bank and got a signature loan, for 90 days and maybe extended it for a year for a small amount to buy a car etc. Regulations by Fed, and virtually all Banks and Credit unions are Fed now.
Not much saving going on. They don't want to pay to use your money. They get money printed for them by our Treasury and charge it/us for it.They want us to borrow money from them or use plastic. They make money on every transaction with plastic and increase the cost of all goods and services by that much.
Sounds as if you need to move further "south". You hate our banks and economy so much, Mexico would be great for you. :S
Sounds like you haven't got a clue. Our economy is in the tanks thanks to your attitude.
Feel free to discuss it with me in person. I'll bring my books and accounts. I've been in, that business and others since before you were born.The People never chartered the Fed, nor Visa and most certainly not to run the economy and Republic. Jackson was right.
Homer wrote:
1968 Mooney is right on the money with his post.I might add to his post the fact that the banks and credit unions charge huge fees (if you are late or what ever), they also charge huge interest $$ on any kind of payment transaction. Yet, they are paying (for the most part), less than 1% for your savings deposit while they are making up to 30% on CC loans and payments. How did we ever allow this to happen? Just try and do something about it. This is how they can afford to put a branch office with 4-5 people in it on every street corner, even tiny little towns.
1968mooney wrote:down home wrote:
I had them cross it out and sign it. It is nasty piece of legislation, un American and illegal the way I read our Constitution. In the first case to a judge a nurse, in Alabama, fired because she wouldn't sign the clause, was told he agreed to the clause by just working there and had no standing to sue.
Simply put the Mandatory binding Arbitration eliminates Citizens right to eek redress, in the Courts. It says you can elect to got to Court but if either side decides they want arbitration instead, then you are bound to it. They have a list of arbitrators, Lawyers even Law clerks, you choose from, if they let you. These Arbitrators almost always side with the Companies. If they decide against a company they are removed from the list.
This was one part of the Visa Credit Card private Legislation. The other letting Banking and Lenders set up their own capricious and illegal Credit Bureaus and rating system. Don't have any debt you can't buy anything. Don't keep enough debt revolving, and your credit score is so low that you may not be able to buy anything, including your first home. Son paid for everything, had two savings accounts, two 401Ks and Roth, and money,in the bank. Couldn't buy a home. had to pay for a secured credit card he didn't want and buy and pay on it and was charged for the card in addition to the deposit amount and so on.
Talk about leaving a soured taste in your mouth. gone are the days when you walked into the bank and got a signature loan, for 90 days and maybe extended it for a year for a small amount to buy a car etc. Regulations by Fed, and virtually all Banks and Credit unions are Fed now.
Not much saving going on. They don't want to pay to use your money. They get money printed for them by our Treasury and charge it/us for it.They want us to borrow money from them or use plastic. They make money on every transaction with plastic and increase the cost of all goods and services by that much.
Sounds as if you need to move further "south". You hate our banks and economy so much, Mexico would be great for you. :S
