Bad Mouthing De-regulation By Ralph Nader, Nader.org.

Bad Mouthing De-regulation By Ralph Nader, Nader.org.

So what are all these giant financial corporations on their knees begging for these grim days? They are begging the Federal Reserve to use every bit of its authority to save them through lower interest rates and by using a variety of other more abstruse tools the Fed has to rescue the very banks that help fund its budget and dominate the regional Boards of the Federal Reserve.

It is true that corporate heads have rolled--most notably the CEOs of Citigroup and Merrill Lynch. By and large, however, the remaining top culprits who got their banks and mortgage lending firms into such deep losses for investor-share holders are staying put with their enormous compensation packages.

When the big boys get into trouble, they expect Uncle Sam to bail them out. Who pays the ultimate bill? You guessed it. The small taxpayer and the consumer.

So next time your hear the words--deregulation or over-regulation--by the thoughtless think tanks, heavily funded by business money, remind yourself that you believe in tough law and order for big business and your demand that politicians weigh in with a strong enforcement crackdown on corporate crime and fraud. [for more click on the heading]