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6. Re: Morning Consolidation Dec 8, 2011, 13:55 theyarecomingforyou
 
Verno wrote on Dec 8, 2011, 12:49:
I'd be interested in seeing actual stats on frivolous suits vs legitimate class actions, at least in terms of the gaming industry because I don't believe that to be true. I think it's more of a case of companies not wanting to be held properly liable for their fuckups.
This. Frivolous lawsuits rarely ever get anywhere, yet the few that do are used as ammunition against laws that protect consumer rights. Politicians do this, as they misrepresent 'consumer rights' as 'bureaucracy' or 'red tape'. If frivolous lawsuits are a serious issue then the government should be lobbied to address it. Instead we see backdoor efforts designed to limit the liability for corporate wrongdoing.

I know the US is pretty shit at protecting consumer rights but even I find it hard to believe that it is possible for companies to update their T&C years after buying a product, with the sole aim of preventing anyone from suing them.

Then again, we have just witnessed the largest ever bailout of public corporations. It would have actually been better financially - and morally - to allow them all the banks to go bankrupt and for the government to simply reimburse any money lost by savers. Instead, banks that committed fraud on an unbelievable scale have profited from their crimes, while hundreds of thousands of people are losing their jobs. The shitty sub-prime scandal in the US - which is the primary cause of the entire crisis - has cost 710,000 jobs in the UK. And yet the government / courts are handing over even more power to corporations to stop them being held accountable? Ridiculous.

PS - Did you know that Santander has fees for going overdrawn that amount to 819,000% APR?
PPS - Sorry for getting political but shit like this really annoys me!

 
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