You may remember?
2008, when GW wrote over $860 BILLION in checks to his big bank buddies to keep the whole economy from crashing, and it still sorta did? Well, there were rules put in place to keep it from happening again. Basically, the banks could lend huge amounts of money to people they knew couldn't pay it back (liar loans), then, through 'Derivatives', insure those loans, with US, the taxpayer, guaranteeing the loans. SO, the Big Money Boys, could make HUGE money on their own, but if/when things went south, the govt (us) would bail them out. Dodd-Frank was the name of the law that tried to make sure it didn't happen again. WELL, the Pubs, threatening to blackmail the govt with another shutdown, got Dodd-Frank laws repealed so NOW, the govt (us) is on the hook so the white collar crooks can raid the treasury again. This is partially because the Pubs made it legal for Big Money to buy congressmen (Citizens United), but, even that wasn't bad enough. They now slipped in new laws that upped the legal amount to over $320,000 for each person's 'bribe', to each congressman. And you wonder why I hate those a-hole Repubs, who continue to sell our country to the highest bidders, while the rapidly disappearing middle class just gets the shaft. WTF is wrong with people that they can't understand this?
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