You can thank both parties. Mostly the Clinton administration for Nafta free trade & outsourcing. They are also responsible for taking out the Glass Stegal act in 1999. This allowed commercial banks to become Wallstreet investment bankers with our money. The republicans are guilty for doing nothing about it. We the people are getting the shaft from Washington. It's a rich buddy bailout system now. Profits privatized & expenses nationalized. No rich ceos are held accountable in a court of law for pillaging their co's into bk status. We the poor tax payers are paying for their severence packages for stealing. After the bailout was passed AIG execs went to a private resort & spent 480,000 on thier glutinous selves. No laws were put in place & nobody was held responsible for the mess. The Glass Stegal act was not put back in place. Check lehmans out Richard Fuld 480 million long term employees who did the work (0) not ven their 401 ks. Something is wrong with our govt & Obama has accepted way too much corporate money during his campaign to change anything. Only money runs only money wins. All the laws are made for the top & they are exempt from all of ours. There's no morals in Washington anymore.