De-regulation relies on the idea that people are not greedy. It allows the haves to have more and prevents the have nots from obtaining wealth. It allows those with the resources to exploit others. It also does allow for large corporations to become larger. We, as citizens, need to come to terms with the notion that no business is too big to fail. We have to learn to invest in different institutions not because it is cheaper, but because it is safer. If more of us had invested in regional and locally owned banks, much of the problem we have now would be taken care of. I used to have all of my accounts with Bank of America including having my vehicle financed throuhg them because they had the better cheaper rates and higher returns. Then I realized that Bank of America really doesn’t care about me the customer, they only want my money. Also, if something were to happen to major economy, Bank of America had the potential to take a serious hit because of how spread out they were. It made more sense in the long run for me to take my business to a smaller bank so that I was more knowledgeable of their investments and finances and less of a risk.

The same holds true for all businesses in America. Wal-Mart is prime example. If the town I live in suddenly hits record unemployment numbers, Wal-Mart will close up shop and add to the unemployment. That will leave less opportunities for the people left because most of the small businesses have already been run out of town by Wal-Mart.

Deregulation by then president Reagan back in the eighties is what got us to the mess we are in today.

They had thought deregulation would reap more profits but it backfired in the lending institutions leading up to what we have now as a good example. The rich wanted to become richer and it did not work in there favor.