Supreme Court Rules for Banks, Against Consumers

The Creeping Fascism of American Politics

FOCUS: States Unite Against Citizens United

Dimon's Deja Vu Debacle

This Is What Tyranny Looks Like

Google Is Destroying Your Privacy

Intro: "The Supreme Court has ruled in Chase Bank v. McCoy in favor of Chase Bank's right to impose retroactive interest rate increases without notice on consumer credit cards under an overturned law. The replaced statute, and the Federal Reserve's bank-friendly interpretation of it, essentially dictated the unfavorable outcome."

File photo, Wall Street Bull, 06/15/09. (photo: file, unspecified)

Comments

We are concerned about a recent drift towards vitriol in the RSN Reader comments section. There is a fine line between moderation and censorship. No one likes a harsh or confrontational forum atmosphere. At the same time everyone wants to be able to express themselves freely. We'll start by encouraging good judgment. If that doesn't work we'll have to ramp up the moderation.

General guidelines: Avoid personal attacks on other forum members; Avoid remarks that are ethnically derogatory; Do not advocate violence, or any illegal activity.

Remember that making the world better begins with responsible action.

- The RSN Team

+23 # antineocon 2011-01-29 22:40

when do we Americans take back our country from the corporations and banks. How can we get started

+1 # Beaula 2011-01-30 13:21

I wish I knew how to start the revolution. I'm tired of waiting.

+1 # Jim Fuge 2011-01-30 16:25

How to start a revolution, it's easy,......get out of debt and stop buying crap you don't really need on credit.

+2 # kathy 2011-01-30 16:48

“The only way to prevent a massive die-off is through permaculture and petro-chemical-free agriculture and the skill sets needed to support local communities after the social contract has withered. This must be undertaken by neighborhoods and communities rather than increasingly ineffective and dysfunctional national and regional governments.” ~Michael C. Ruppert

+24 # X Dane 2011-01-30 00:14

Why are we not surprised? several of the Supreme court jusices, well at least two, are way too cozy with banks and big business.

We sure can not trust the Court to be impartial any longer.
Scalia and Thomas will attend the Koch brothers unholy big business summit. For heaven's sake Beck, Limbaugh and De Mint will be there too, and no doubt Palin and Bachman too

That is a disgace. Who can "police" the high court? should there not be rules for what they can do and still be believable, and trusted.

It sure is sad and dangerous days for our Democracy.

+7 # giraffe 2011-01-30 01:11

The Supreme Court can't give our LIBERTY to big money FAST ENOUGH? What a sham. Congress is the only body who can impeach a justice of the Supreme Court but now that the Supreme Court gave our 2010 elections of Congress to BIG $$$ -- they own Congress too. The BIGGEST $$ corps are scheduled to meet in Palm Springs to decide how to take over the rest of Congress in 2012 --- Armagedon by the United States Supreme Court. Good bye USA.

I agree that Scalia and Roberts are bought and paid for (in my opinion) with Thomas voting as Scalia says -- the 3 should step down.

Maybe our country will do as Egypt is doing now -- to get back our Democracy. If I were even 10 yrs younger I'd join a demonstration like I seee on CNN while MSNBC is doing it's view of prsions (thank you comcast)

+2 # Regina 2011-01-30 11:30

Add Alito to that list. The real problem is their ability to buy Kennedy's vote to give us these shady decisions 5-4.

+2 # rf 2011-01-31 05:48

With Scalia and Thomas's refusal to recuse themselves when their decisions affect people the take trips, Etc. from, it would seem that they are in a position to be impeached...but where are the news orgs. that are looking at this. Follow them like paparazzi until we catch them at their corruption!

+11 # Hors-D-whores 2011-01-30 03:44

Thank goodness for some of the reforms that were passed in 2009, and thank Bernie Sanders for getting some changes in the credit card theft by banks, and thank President Obama for not vetoing it.

+10 # Bruce Gruber 2011-01-30 05:16

The blindfold of Lady Justice has been stuffed down the throats of Americans as though a gag. Would that we could throw up the small-minded, power serving simpletons who who were entrusted with the third branch of government.

Our demise rests with dumb and dumber, the 'decider' and the 'gipper', advertised and promoted by the plutocrats who cleverly sell us their bill of goods.

+2 # Jim Fuge 2011-01-30 16:27

,...and we buy them.

+9 # josé wellington 2011-01-30 06:10

In text I see the word 'ambiguous'... What I see in such mess is ambiguity on handle of consumer rights, and if a law court can't protect consumers rights, choosing defunct law acts to deny law protection to people, this court is useless and its sentence is bullshit.
Only civil disobedience can fit in such situation, but persons must acting rather than sit and wait some miracle and if it comes, it can be late...

+8 # Eve 2011-01-30 08:43

How long are we going to continue to wait to do something about this Supreme court? They are not God..... The public has to get together and do something soon.

+3 # Jim Fuge 2011-01-30 16:28

,...it's called voting,...and the Elites are fearful lest we figure it out. But look at the most recent election, and how many people stayed home?

+6 # Foxtrottango 2011-01-30 09:39

Five right wing republican conservative Supreme Court Justices have turn this nation into a corporate-fascist state!

Where is the justice and where is the outrage from the American consumers and taxpaying public? Is it no longer a government for the people, of the people and by the people? Are we to be hold hostages by an "appointed" by pro-corporate Judges who also bought the US Congress and the entire judicial, penal, police and jury systems in the USA?

The American consumers are their worst enemy for keeping quiet and voting all these crooks as politicians.

The American people need answers and they need answers now!

+3 # Jim Fuge 2011-01-30 16:29

Right on,..but the answer si simple, stop buying crap you don't need and VOTE!

+2 # edfromnyc 2011-01-30 10:59

For those who see the above as hyperbolic, use google to check out the definition of what "Fascist" is. Note the references to "corporate"and "corporations". Benito Mussellini worked for the corporate powers in 20' and 30s Italy. When you've absorbed that, ask yourselves what political philosophy the parents of Scalia and Alito were raise under. WE ARE IN A FASCIST SOCIETY NOW! For my part, at an advanced age, I'm working to get out to a place more like the US the working class nuns in my parochial school taught us was "America" with unions, and government for the people, and presidents like FDR and Harry T, leaders, and a population, that didn't roll over and kiss butt. Ed Walsh

+2 # Cynthia 2011-01-30 11:32

Doesn't the Federal Reserve take some of the blame here? It seems to me that it almost necessitated this outcome, regardless of the natural proclivities of the Justices. Does anyone know what the vote tally was on the Court on this issue? The story does not tell us.

+2 # Jim Fuge 2011-01-30 16:31

correction the Federal Reserve takes all the blame,...when thieves are stealing the chickens you don't blame the chickens for being tasty.

+4 # Bob Cassidy 2011-01-30 12:15

The irony of the whole thing is that the Truth In Lending law was very specific about the size of the print that was required for disclosure of the interest rate. That was the whole purpose of the law - to make it transparent. The "fine print" just doesn't do it.

+2 # Johann Hollar 2011-01-30 14:13

Simple lads, we take back the country the same way the people of Tunisia and Egypt are taking back their's

+1 # robhood 2011-01-30 14:22

When these criminals are finally brought to justice, "we the people" need to make their punishment retroactive!!

+1 # Jim Fuge 2011-01-30 16:31

RIGHT ON!

+4 # Antonia Myss 2011-01-30 16:09

There are many paths to civil disobedience, some overt and others less so. Itching to start somewhere? If you have an account with Chase Bank (or any bank that received a bailout) and you can pay it off, do so now. If you have a balance and you're making minimum payments DO WITHOUT and increase your payments - even $100 or $200/month will make a difference. And if you are already down to a bare-bones existence and you are unemployed or under-employed (or your spouse is) and you can qualify for Chapter 7 Bankruptcy, DO IT! You will be in some very good company. And if that just doesn't seem right, remind yourself that if you could lay claim to YOUR tax dollars that will pay for bailing out banks such as Citigroup, JPMorgan CHASE and Wells Fargo, who each received $25 billion -- the largest amount given to any bank, your debt to Chase (or any of these bastard banks) would be paid off in a fraction of the time. DON'T LET THEM GET AWAY WITH IT!

+1 # Antonia Myss 2011-01-30 16:29

"Inside Job" -- if you haven't seen it, it's coming out on DVD in a few weeks. Watch it and THEN see how you feel about filing bankruptcy.

+2 # Marilyn Russell 2011-01-30 19:35

One way to "take back" our banks, is to have a publically owned state bank as North Dakota has for 92 years.

Refresh comments list
RSS feed for comments to this post.

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

rsn

Name:	*
Username:	*
E-mail:	*
Password:	*
Confirm password:	*
Fields marked with an asterisk (*) are required.