re: #775 b_sharp

We have been told by libertarians and conservatives that regulations are not only unnecessary, because the system will police itself, but actually bad for the system. If this was true then the blame cannot be placed on regulatory organizations, only on the companies.

Of course this isn’t part of reality so the staff at those regulatory organizations, if they did not enforce the regulations, should be fired. Now the question I have is, did the regulatory organizations screw up, did the oil companies lie, or were the regulations toothless?

Why can’t it be all three?