Why buying a politician or two is such a good investment

Government inspectors of drilling industry should know what to look for: An editorial | NOLA.com

Several investigative bodies examining the Deepwater Horizon explosion have highlighted loose federal regulation as a contributing factor to the disaster.

But even with that previous history, members of a presidential commission examining the spill were shocked to learn that government inspectors know little or nothing about crucial rig operations, including the process to safely seal an offshore well....

Get some incompetent regulators appointed and you're home free. Look for this same thing to happen with financial regulation.