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"Wall Street's Private Judicial System Exposed as a Fraud

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"Wall Street's Private Judicial System Exposed as a Fraud 

By Pam Martens

Source AlterNet

"......Last week, a lone female state attorney general put the lie to mandatory arbitration.  And when she pulled back its dark curtain, what we saw was a grand theft of both justice and wealth perpetuated by the U.S. Supreme Court against the American people.

Lori Swanson, Attorney General of Minnesota, charged the National Arbitration Forum with consumer fraud, deceptive trade practices and false advertising.  The National Arbitration Forum is a private justice provider that adjudicates upwards of  200,000 consumer claims a year and acknowledges that it has been appointed as the arbitrator in "hundreds of millions of contracts."

Swanson's lawsuit charges that the National Arbitration Forum, which masquerades as  functioning like an independent judge and jury, is in fact financially shackled to debt collection law firms representing major credit card companies.  The lawsuit states that: ......."

http://www.alternet.org/story/141468/wall_street%27s_private_judicial_system_exposed_as_a_fraud/

Entry #2,351

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