This isn't Fred Thompson.
Indeed, Thompson exempifies DC entrenched power and the revolving door.
LOL! Relying on Wikpedia's leftist editorializing to discredit Thompson?
Look at Thompson's lobbying history -- it is universally in favor of deregulation, period. As in, get the federal government out of regulating things it has no business dealing with in the first place.
Deregulation generally works. To point to one failure that deregulation may have allowed to happen does not invalidate that deregulation was still the right thing to do.