Nader: Government Missed Chance with Bailout

Third party presidential candidate Ralph Nader speaks during a news conference, Friday, October 10, 2008, at the Statehouse in Des Moines, Iowa. (AP Photo/Charlie Neibergall)

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By Becky Ogann

Story Created: Oct 10, 2008 at 3:11 PM CST

Story Updated: Oct 10, 2008 at 3:11 PM CST

DES MOINES (AP) - Third party presidential candidate Ralph Nader says the government missed a historic chance to rein in greed and excess on Wall Street when it approved a financial bailout package.

Speaking Friday in Des Moines at a Statehouse news conference, Nader claimed Congress could have pushed for reforms but instead, "Wall Street stuffed Washington into a barrel and rolled them."

Nader focused on corporate greed at the news conference. He was set to speak at a rally later at Iowa State University.

This is the third straight presidential bid by the 74-year-old Nader. He is on the ballot in 45 states and the District of Columbia.

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