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View Diary: Scott Walker to Steal Mortgage Settlement Money to Balance his “Balanced” Budget (234 comments)

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  •  Binding arbitration is actually un-Constitutional. (0+ / 0-)

    If you sign it, it means you are voluntarily giving up your right to a trial by jury.

    #OccupyOMC - "We have a permit, its called The Constitution".

    by Evolutionary on Sat Feb 11, 2012 at 11:37:38 AM PST

    [ Parent ]

    •  There is nothing to sign (2+ / 0-)
      Recommended by:
      Evolutionary, peptabysmal

      The bank just sent out a notice in December of "an important change in terms" related to my account that would take effect on February 15. If I am still their customer on that date, the terms go into effect.

      See my diary of December 22.

      I have to extract all my banking from the company by their deadline or their unilateral declaration goes into effect. I requested  to opt out of the new terms and was told by the person on the phone that it was not possible.

      "When will our consciences grow so tender that we will act to prevent human misery rather than avenge it?"--Eleanor Roosevelt

      by KJC MD on Sat Feb 11, 2012 at 12:14:01 PM PST

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      •  WHAAAAAAAAAAAAAAAT??? (3+ / 0-)
        Recommended by:
        peptabysmal, KJC MD, tle

        That flies in the face of the 7th Amendment to the Constitution.

        In suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury shall be otherwise reexamined in any court of the United States, than according to the rules of the common law.

        #OccupyOMC - "We have a permit, its called The Constitution".

        by Evolutionary on Sat Feb 11, 2012 at 12:24:22 PM PST

        [ Parent ]

        •  Yes, it does. (3+ / 0-)
          Recommended by:
          Evolutionary, peptabysmal, tle

          But I cannot afford to fight it in court.

          But I guess their argument would be that by continuing to do business with them after getting the notice, I would be agreeing to their change of terms regarding binding arbitration and would therefore be willingly and knowingly giving up my right to trial by jury (or by a judge) as one of the terms for doing business with them.

          So I choose not to do business with the company.

          Unfortunately, customers who have balances on their credit cards, or are in other ways tied to doing continued business with them are stuck.

          "When will our consciences grow so tender that we will act to prevent human misery rather than avenge it?"--Eleanor Roosevelt

          by KJC MD on Sat Feb 11, 2012 at 01:33:30 PM PST

          [ Parent ]

          •  I can totally relate. For me to switch banks, I (2+ / 0-)
            Recommended by:
            peptabysmal, KJC MD

            would have to pay off any loans or cards.  I try to keep that to a minimum though.  Credit cards were used throughout the 80's and 90's to either keep up with the Joneses, or to simply pay the bills as our paychecks got weaker and weaker compared to inflation.

            We make less than we did then, in comparison.  I hear it from my Grandma all the time.  She likes the "penny loaf" idea the best.  Bread used to be 100 loaves for a dollar.

            Grandma switched parties recently.

            #OccupyOMC - "We have a permit, its called The Constitution".

            by Evolutionary on Sat Feb 11, 2012 at 01:43:25 PM PST

            [ Parent ]

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