Cyrus Dugger

Podcast Series: Arbitrating Away The American Dream (Vol. 2) - “The Stupid People”

Arbitrating Away the American Dream (Vol. 2): The Stupid People

Jordan Fogal, an award winning author whose personal struggle with her builder and her mandatory arbitration contract was featured in a Mother Jones Magazine article, has tirelessly struggled to bring attention to the public about the dangers of mandatory arbitration agreements.

A 61 year old grandmother from Texas, Ms. Fogal was working on her new book of memoirs until it was interrupted by the deterioration of her brand new home. She then began her fight against the mandatory arbitration agreements that protect bad builders and create devastating personal tragedies for homebuyers.

In her second podcast "Stupid People," Fogal talks candidly and personally about how Americans dismiss those caught up in predatory home lending and mandatory arbitration agreements as simply "stupid."

If you find yourself foreclosing on your property, living with predatory lending rates, and/or without the option to go to court because of a mandatory arbitration agreement, you are just "stupid."

Jordan asks, "if we're all so stupid, then why are you doing business with us?"

I will add, nobody really condemns and shames corporate America for its many mishaps, bailouts, irresponsible decisions, and immense subsidies in the same way as we criticize our fellow individual human beings when they experience their financial stumbles.

On a different note, if mandatory arbitration agreements are so good for us consumers, then why are they mandatory?

Listen in to "Stupid People" and you may realize just how stupid you are to believe in corporate America, or for that matter, a fair shake at attaining the American dream.

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Posted at 11:56 AM, Jan 16, 2007 in
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