The redistribution of wealth has recently taken another step. Our congress recently repealed many of the safeguards that were put in place after the economic meltdown. At that time laws were passed that forbid the government from bailing out TOO-BIG-TO-FAIL financial institutions that invested in risky derivative investments. ( Like many, I have no clue as to how these work). Now after considerable lobbying by these institutions, these laws have been repealed. So how long until the taxpayer is once again asked to line the pockets of the 1%?
--JP