There aren’t serious posts here all that often – and this is one of them. (If you want to go back to the funny stuff, click here.)
Today, when you sign up for most credit cards, cell phone plans, cable, a new built house- heck even when you agree to use some doctors for procedures (like my oral surgeon), you have to sign an agreement waiving your rights to sue them in court and instead use arbitration.
You’ll be told that arbitration is simply easier and less costly for everyone. A true win win.
And it’s true. It’s easier and less costly because you always lose. Can it get easier than that?
So please Burbed readers, take some time to read these links:
- The 10 most frequently used arbitrators decided against consumers 98.4% of the time. But typically, it’s only 62% of the time. Does this sound fair to you?
- Sometimes the company (like MBNA) refuse to show up to the hearings – yet they still win. Does this sound fair to you?
- Though Jodran Fogal is a 61-year-old conservative grandmother from Texas, she refused to cast any ballots for Republicans last election, due to their support of mandatory binding arbitration. That’s how mad she is. Read her sad sad tale about how her new house imploded, and how arbitration made things worse. (I loved the part about the builders laughing as they entered the hearing.)
Bottomline: Support the Arbitration Fairness Act today.