More Evidence that Arbitration is a Racket

This sad tail of corruption as a feature, not a bug, in arbitration courtesy of Jane Bryant Quinn.

Short story, people screwed over in auction rate security deals will likely have to be heard by arbitrators whose own companies are the subjects of actions by people screwed over in auction rate security deals.

This will be an issue that I will start dunning candidates on, because binding arbitration is a racket.