POTUS 45.21 STAND for our great National Anthem

[trixR4kids]

Re: POTUS 45.21 STAND for our great National Anthem

Great, now Wells Fargo can keep knowingly over charging people with no threat of legal backlash. The whole point of a class action is to make it so that people who get screwed don’t have to each pay their own lawyer to get back whatever it is they lost which will almost certainly be less than the lawyer fees.

 

[alfablue]

Re: POTUS 45.21 STAND for our great National Anthem

You are correct that it did. You're also correct that Republicans deserve a lot of the blame this century for the massive deficits. I think you give Democrats way too much credit for being fiscally responsible though. If they were in power I believe we'd have the same deficit with higher taxes and higher spending. You can debate the merits of that but it isn't the point. If balancing the budget was a simple as voting democrat I certainly would do it. Hell, I'd even give up some of my guns. Its better than the country going bankrupt.

There are a few major problems I see with what has happened the last 15 years and what is projected into the future. The first is that the longer we do it the harder it will be to break the cycle of it. We're more or less like a drug addict. Everyone will feel some pain when we get back to reality. The fact that we have run a deficit is almost secondary to just how big they have actually been. If we ran a 10 billion dollar deficit every year it wouldn't be the end of the world, but the average has been somewhere around a trillion dollars.

The other thing that bothers me is how little we have to show for it. If the deficit financed some great new infrastructure or something along those lines it would be one thing, but the money has more or less been wasted. At some point we are going to have to spend some serious money on infrastructure too.

Why do you think this issue doesn't get more attention? Is it that people don't understand or just don't care? I wonder what you and others think 10, 20, 30 years down the road looks like. I honestly can't see how it has a happy ending but would like to be completely wrong.

That's easy. You keep voting for people who give lip service to your "cause" but instead of fixing the problem, they spend more money.

I'm not giving credit to D's as much as I'm pointing out the problematic facts that D presidents are the only ones who seem to reduce the deficit. They start high, and end low. R's, on the other hand, start high, and go higher.

D's Tax and Spend, sure. R's reduce taxes and spend more. That's based on what has happened over the last ~40 years. D spending has generally resulted in a more robust economy- the late 90's were better than the early 90's, and the late 'teens were FAR better than '08. Whereas R spending and tax cuts lead to recessions- one at the end of Bush 1 (that forced him to raise taxes) and a really bad one at the end of Bush2. This actually happened. Evidence based decisions.

You pretend to understand and be worried, but actually vote 100% in opposition to that understanding and worry. THAT is the problem.

None of what dump or Rs are proposing now do a thing to the economy. It's been tired before many times, and has never worked. Stop ignoring that.

 

[SJHovey]

Re: POTUS 45.21 STAND for our great National Anthem

Great, now Wells Fargo can keep knowingly over charging people with no threat of legal backlash. The whole point of a class action is to make it so that people who get screwed don’t have to each pay their own lawyer to get back whatever it is they lost which will almost certainly be less than the lawyer fees.

It's not the "whole point" of a class action. Class actions also serve to protect defendants and the court system. If a defendant, like in the asbestos cases, has to defend tens of thousands of claims around the country, it can destroy that company even if it did nothing wrong. It can also destroy a court system that suddenly has tens of thousands of new claims on its calendar.

 

[alfablue]

Re: POTUS 45.21 STAND for our great National Anthem

Great, now Wells Fargo can keep knowingly over charging people with no threat of legal backlash. The whole point of a class action is to make it so that people who get screwed don’t have to each pay their own lawyer to get back whatever it is they lost which will almost certainly be less than the lawyer fees.

And they can open accounts for people without their approval. Since the "penalty" will be one customer at a time using an arbitrator of WF choosing, so even if they are wrong, they can drag it out for years, and barely have to deal with it.

This isn't fear mongering, this actually has happened.

 

[alfablue]

Re: POTUS 45.21 STAND for our great National Anthem

It's not the "whole point" of a class action. Class actions also serve to protect defendants and the court system. If a defendant, like in the asbestos cases, has to defend tens of thousands of claims around the country, it can destroy that company even if it did nothing wrong. It can also destroy a court system that suddenly has tens of thousands of new claims on its calendar.

If they actually did nothing wrong, how is it that they have such crappy lawyers that they got sued and lost???

And class actions prevent the "tens of thousands of new claims" and put them into one single one. Duh.

Stop doing things that you can be sued over, and you don't have problems. Done.

 

[trixR4kids]

Re: POTUS 45.21 STAND for our great National Anthem

It's not the "whole point" of a class action. Class actions also serve to protect defendants and the court system. If a defendant, like in the asbestos cases, has to defend tens of thousands of claims around the country, it can destroy that company even if it did nothing wrong. It can also destroy a court system that suddenly has tens of thousands of new claims on its calendar.

It's not gonna destroy the court system. As for the defendants in the asbestos cases, they pushed a product that gave people cancer, how are they not at fault for that?

 

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

Study up on Equifax a little bit. See if you don't get as ****ed off as I am.

 

[Drew S.]

Study up on Equifax a little bit. See if you don't get as ****ed off as I am.

The data collection nonsense should end. There are a lot of companies out there doing it.

 

[Drew S.]

That's easy. You keep voting for people who give lip service to your "cause" but instead of fixing the problem, they spend more money.

I'm not giving credit to D's as much as I'm pointing out the problematic facts that D presidents are the only ones who seem to reduce the deficit. They start high, and end low. R's, on the other hand, start high, and go higher.

D's Tax and Spend, sure. R's reduce taxes and spend more. That's based on what has happened over the last ~40 years. D spending has generally resulted in a more robust economy- the late 90's were better than the early 90's, and the late 'teens were FAR better than '08. Whereas R spending and tax cuts lead to recessions- one at the end of Bush 1 (that forced him to raise taxes) and a really bad one at the end of Bush2. This actually happened. Evidence based decisions.

You pretend to understand and be worried, but actually vote 100% in opposition to that understanding and worry. THAT is the problem.

None of what dump or Rs are proposing now do a thing to the economy. It's been tired before many times, and has never worked. Stop ignoring that.

And how did Obama do? We could spend all day rehashing how we've gotten to this point, but it really doesn't matter. Nothing is going to change what has already happened. My question is how do we fix it going forward? Are there any democrats right now calling for a balanced budget or fiscal sanity? If there are I must have missed them. Neither party wants to step up to the plate as far as I can tell.

 

[Handyman]

Re: POTUS 45.21 STAND for our great National Anthem

I would say the Dems have an easy talking point now, but not one of their candidates for any office will hold any of the GOP accountable for this vote.

 

[SJHovey]

Re: POTUS 45.21 STAND for our great National Anthem

Here's what's going on.

So Wells Fargo pushes all of it's people to open up new accounts. Savings accounts, credit card accounts, etc... It looks good to Wall Street, even if no one ever uses the credit card or puts any money in the account.

A bunch of employees engage in was is clearly fraud by either just opening the account up for the customer without the customer even knowing it, or tricking the customer into opening the account. For example, slipping a credit card application into a bunch of mortgage documents that the customer actually wanted to sign.

The employees did it to look good for their bosses, but also because they expected there would be no real damage to their customer. So their customer now has another savings account. So what, the employee thinks. No one is going to use it. There won't be a financial loss to the customer. So they do it, and then they get caught.

Fast forward to today. The aggrieved customer goes to a lawyer. The lawyer observes two things. First, there is a mandatory arbitration clause, which means you're probably going to get some retired lawyer or judge deciding your case instead of a bunch of east Texas or rural Mississippi jurors. But you do still have the right to bring the arbitration claim. Second, your client has no real damages. That is, while they have certainly been "defrauded," they have no real financial loss.

Geez, wouldn't it be great if we could form a class action and threaten billions in "damages" and basically extort $30-40 million out of Wells Fargo, the lawyer thinks.

I've got an idea. How about we handle this the way it should be handled. Maybe the Treasury department or Congress or the state banking regulators step in and punish these banks and the bankers? I'm no great fan of our government's regulatory features, but they have their place. Leaving the regulation of corporations up to trial lawyers is not the way it should be handled.

 

[mookie1995]

Re: POTUS 45.21 STAND for our great National Anthem

I would say the Dems have an easy talking point now, but not one of their candidates for any office will hold any of the GOP accountable for this vote.

it's true. it's dam true.

 

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

I would say the Dems have an easy talking point now, but not one of their candidates for any office will hold any of the GOP accountable for this vote.

Everyone is convinced that lawyers are bad. So, the talking point won't work anyway. The Republicans will pull out their playbook and it will be buried. Elizabeth probably would use it over and over again but they'll just call her "shrill" and it would be over.

 

[mookie1995]

Re: POTUS 45.21 STAND for our great National Anthem

A bunch of employees engage in was is clearly fraud by either just opening the account up for the customer without the customer even knowing it,...

if mookie didn't open it, then where did he agree to go to mandatory arbitration?

 

[Handyman]

Re: POTUS 45.21 STAND for our great National Anthem

"let consumers band together to sue credit card companies or banks."

So here is what we have. Credit card companies and banks include mandatory arbitration clauses in the small print of all of their contracts. These clauses prohibit consumers from suing them in court, and instead require resolution of the disputes by arbitration. These clauses also effectively eliminate class actions.

Trial lawyers or others wanted to get a rule passed that effectively overrules these mandatory arbitration clauses and would permit consumers to, "band together" was it, and sue the credit card companies and banks. The credit card companies and banks would get held hostage for millions in the class action lawsuits, most of which would go to the lawyers and the name plaintiff in the class action lawsuit, all of which the banks and credit card companies would just get back from the customers through fees and charges, and I'd get a check for $3.69 as my share of this class action lawsuit, or maybe a voucher or something valuable like that, and I got farked over by Senate Republicans again how Scoobs?

Yeah so get rid of it altogether. Great plan! It isnt like the arbitration isnt heavy handed one way or anything.

This sounds eerily like the "Gun regs dont work so why should we pass more?" BS the gun nuts always tout.

But hey it isnt like the banks and credit companies arent screwing over millions amirite? They surely shouldnt be regulated to protect us cause they are trustworthy!!

 

[mookie1995]

Re: POTUS 45.21 STAND for our great National Anthem

Everyone is convinced that lawyers are bad. So, the talking point won't work anyway. The Republicans will pull out their playbook and it will be buried. Elizabeth probably would use it over and over again but they'll just call her "shrill" and it would be over.

end of the day she is as useful as scooby, it seems? yells and moans, moans and yells. scooby should be getting her pension

 

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

end of the day she is as useful as scooby, it seems? yells and moans, moans and yells. scooby should be getting her pension

She wrote one of the greatest non-fiction economic books ever. I haven't done anything close to what she's accomplished.

 

[mookie1995]

Re: POTUS 45.21 STAND for our great National Anthem

She wrote one of the greatest non-fiction economic books ever. I haven't done anything close to what she's accomplished.

collect all yer posts here. do the same. no difference

 

[jerphisch]

Re: POTUS 45.21 STAND for our great National Anthem

I've got an idea. How about we handle this the way it should be handled. Maybe the Treasury department or Congress or the state banking regulators step in and punish these banks and the bankers? I'm no great fan of our government's regulatory features, but they have their place. Leaving the regulation of corporations up to trial lawyers is not the way it should be handled.

Yeah, that's exactly what the GOP is going for...

 

[ScoobyDoo]

Re: POTUS 45.21 STAND for our great National Anthem

collect all yer posts here. do the same. no difference

LOL. No.