Another Obama Era Doctrine goes down...


Fiyah

Fiyah

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Vice President Mike Pence broke a 50-50 tie on the Senate floor Tuesday evening to repeal a rule that prevents financial institutions — banks and credit card companies, for example — from striking lawsuits filed by wronged consumers." data-reactid="15">Vice President Mike Pence broke a 50-50 tie on the Senate floor Tuesday evening to repeal a rule that prevents financial institutions — banks and credit card companies, for example — from striking lawsuits filed by wronged consumers.

The Consumer Financial Protection Bureau, which was built out of the financial crisis, created the rule after five years of studying forced arbitration clauses, the fine print inserted by companies to insulate them from lawsuits, instead sending them to arbitration." data-reactid="16">The Consumer Financial Protection Bureau, which was built out of the financial crisis, created the rule after five years of studying forced arbitration clauses, the fine print inserted by companies to insulate them from lawsuits, instead sending them to arbitration.

https://www.yahoo.com/news/wells-fa...umers-lose-right-sue-companies-154053444.html
 



jsupop33 said:
I think it is going to be their downfall. Middleclass white people are taking notice. They will revolt as we saw in 08
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I don't know about a revolt.
The Republican party is becoming more fractured. There's Republicans and there are Trump Republicans. The Trump Repbulicans regardless of income and status will not revolt and will see any action to impeach or vote against Trump as an attack against them.
 
Tpop33 said:
I don't know about a revolt.
The Republican party is becoming more fractured. There's Republicans and there are Trump Republicans. The Trump Repbulicans regardless of income and status will not revolt and will see any action to impeach or vote against Trump as an attack against them.
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The trump republicans don't necessarily support these big banks though.
 
jsupop33 said:
I think it is going to be their downfall. Middleclass white people are taking notice. They will revolt as we saw in 08
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No they won't. Middle class whites will easily follow along with every factor of this administration as long as he dog whistles that he is keeping his foot on the throats of blacks. After being hurt they will blame the existence of AAs for all of their problems.
 
@CEE DOG Soon we will be. It's not time for the "collective us" to be awake right now. Still have 2 more years to go. Sure, some of us are awake and know the game, but not all us--of course generalizing.

As my mother in law said though, "They can't hurt us without hurting themselves too!" The benefit to us is that we have been trained to do more with less. They don't even know how to begin to learn this philosophy.
 
SleepyCrat said:
Also, this was done to immediately stop the massive class action law suits against Equifax and Wells Fargo(and some others)

Wells Fargo Says 3.5 Million Accounts Involved in Scandal

Equifax breach impacted 2.5 million more people than originally stated


The people that are affected by these scandals(which may be all of us) will not be able to combine efforts to litigate against these groups.
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I was just about to mention the Wells Fargo scandal, where they created FAKE accounts in their customers names to boost their stocks. The CEO was generating hundreds of millions of dollars from stocks only. Customers would open one account with Wells Fargo and they would automatically created 6 or 7 accounts in their name, such as, if you only had a checking account with Wells Fargo, they would created a credit card account, a saving account, and other accounts in your name without you knowing it. This made it look like Wells Fargo business volume was sky high, which helped to boost their stocks. I guess it is time for another take over Wall Street Movement, which was done when President Obama was in office. Wall Street was the main reason why there was a WWII, which put the world on track for war after the financial crash in 1929.

IMO, this fool should be in jail for life.

 
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Also, banks and Wall Street have been deregulated to point that they can do almost anything and get away with it, whereas if a customer walks in a bank and deposit $10,000 dollars, the banks will have the feds all over them on where they got that kind of cash from or if a customer withdraw a certain amount, the bank wants to know why are they withdrawing that amount of cash from their bank. The deregulation of banks and Wall Street is definitely not customer friendly. It's almost best just to hide your money under your mattress these days.
 
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coldsweat said:
@CEE DOG Soon we will be. It's not time for the "collective us" to be awake right now. Still have 2 more years to go. Sure, some of us are awake and know the game, but not all us--of course generalizing.

As my mother in law said though, "They can't hurt us without hurting themselves too!" The benefit to us is that we have been trained to do more with less. They don't even know how to begin to learn this philosophy.
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I always say if you want to know how bad the country is doing watch all the white women that flock to the hood for survival.
 
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