"The industry convinced nearly everyone in government that what they were doing was so sophisticated that it was both totally safe and impossible for government to understand, much less regulate," said California Rep. George Miller, a veteran environmental advocate in Congress. "Government was romanced," he added. "And it succumbed to the romance."
How oil exploration in the Gulf of Mexico echoes the financial industry meltdown: "Both stemmed from collective national drives toward a laudable goal...with little thought to potential downsides."
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