Why Obama Should Put BP Under Temporary Receivership

Obama is meeting with his new "commission" chairs (Bob Graham and William Reilly) tomorrow, to discuss new regulations to place on offshore drilling.



What went wrong wasn't a lack of regulations (although there sure are few enough of those); what went wrong was an industry that knew it didn't have to adhere to regulations.



Will we hear more "Look forward, not back" rhetoric?



Until Obama investigates and prosecutes the Bush administration (and that's not going to happen now because he's as guilty as & complicit with Bush on every front), we might as well toss all regulations out because we have an executive branch and a Congress that refuses to enforce them.
Read the Article at HuffingtonPost