Comments on: Mortal battle with Wall Street http://www.citizenvox.org/2009/12/08/mortal-battle-with-wall-street/ Standing Up to Corporate Power Tue, 07 Feb 2012 22:29:06 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Sylvia Sage http://www.citizenvox.org/2009/12/08/mortal-battle-with-wall-street/#comment-1869 Sylvia Sage Fri, 11 Dec 2009 02:31:43 +0000 http://citizenvox.org/?p=2651#comment-1869 The wording is not clear--OPPOSE the Price amendment on forced arbitration. It--What is this pronoun representing? The Price amendment or the opposition? I will have to see the amendment before I oppose it. The wording is not clear–OPPOSE the Price amendment on forced arbitration. It–What is this pronoun representing? The Price amendment or the opposition?

I will have to see the amendment before I oppose it.

]]> By: Joe Newman http://www.citizenvox.org/2009/12/08/mortal-battle-with-wall-street/#comment-1868 Joe Newman Thu, 10 Dec 2009 16:30:03 +0000 http://citizenvox.org/?p=2651#comment-1868 forced arbitration refers to clauses put into consumer contracts (for things such as credit cards, bank accounts, cell phones and many more) that make you give up your right to take the company to court over any dispute. instead, you will be required to have the dispute settled by an arbitrator, handpicked by the company. consumers almost always lose at arbitration. an example of an abusive derivative would be where an investor can bet against something i.e. betting that something will fail. there's no economic value in this transaction in the sense that it is not creating anything except a financial opportunity for the investor. they are usually highly leveraged (meaning they're using borrowed money to make these bets) and they're very risky. forced arbitration refers to clauses put into consumer contracts (for things such as credit cards, bank accounts, cell phones and many more) that make you give up your right to take the company to court over any dispute. instead, you will be required to have the dispute settled by an arbitrator, handpicked by the company. consumers almost always lose at arbitration.

an example of an abusive derivative would be where an investor can bet against something i.e. betting that something will fail. there’s no economic value in this transaction in the sense that it is not creating anything except a financial opportunity for the investor. they are usually highly leveraged (meaning they’re using borrowed money to make these bets) and they’re very risky.

]]> By: Sylvia Sage http://www.citizenvox.org/2009/12/08/mortal-battle-with-wall-street/#comment-1867 Sylvia Sage Thu, 10 Dec 2009 06:27:54 +0000 http://citizenvox.org/?p=2651#comment-1867 Could you explain to me what enforced arbitration is? What are abusive derivatives? Could you explain to me what enforced arbitration is?

What are abusive derivatives?

]]> By: Brett J. Padjen http://www.citizenvox.org/2009/12/08/mortal-battle-with-wall-street/#comment-1866 Brett J. Padjen Thu, 10 Dec 2009 00:31:02 +0000 http://citizenvox.org/?p=2651#comment-1866 I am in full support of the Public Citizen's positions on the financial reform bill. If your child overspent his credit card and you had to pay for it, would you then give that same kid another credit card with no strings attached? I am in full support of the Public Citizen’s positions on the financial reform bill. If your child overspent his credit card and you had to pay for it, would you then give that same kid another credit card with no strings attached?

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