Thursday, May 13, 2010

Staggering statement of regulatory impotence

Coast Guard Captain leading hearings Wednesday:

"It's my understanding that [a blowout preventer is] designed to industry standard ... manufactured by the industry, installed by the industry, with no government witnessing or oversight of the construction or installation. Is that correct?"

Regional supervisor, federal regulator MMS:

"That is correct..." 

Shadow Elite: Think BP's The Bad Guy? Think Bigger, Way Bigger

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