consumer protection

From My Mailbag: AFL-CIO Demonstrates in Chicago

Showdown in Chicago: Thousands Protest Bankers


by Seth Michaels, Oct 27, 2009


More than 5,000 people are packing the streets of downtown Chicago this morning, chanting, marching and rallying against Big Bankers and financial institutions that have taken taxpayer money and are using it to give big bonuses to CEOs and to lobby against financial reforms that would ensure they don’t go back on the public dole.


Many Don't Like Ralph, but..........

Ralph Nader {center}

October 27, 1969
Ralph Nader set up a consumer organization with young lawyers and researchers {often called "Nader's Raiders"} who produced systematic exposés of industrial hazards, pollution, unsafe products, and governmental neglect of consumer safety laws.

Consumers Abused by Default Choices

At some point the business sector realized the best way to take advantage of consumers was to use default options that make them spend money. A default option works because it creates an automatic decision by the consumer doing nothing. And doing nothing is the path of least resistance for time-poor consumers struggling to balance the many difficult responsibilities associated with work, family, maintaining financial security, and coping with stresses on their health.