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Detailed text transcripts for TV channel - MSNBC - 20100512:02:06:00

the agency that out in their denver office there was literally sex going on between the regulators and the industry. mm-hmm. and that s who these people are and i think the obama administration only now is seeing that they needed to begin the shakeup the moment obama came into office. there s oversight and there s oversight. so the bp shareholder who sued the company today claiming bp was knowingly cutting safety cost in violation of the commitments after the texas refinery blast, texas city and spending $16 million to lobby against tougher regulation, by which i mean fight against any regulation. right. how long is that bush era voluntary self-regulation regime going to last now? i think it s going to end because it s got to end. i think that s clear. what happened here is that bp presented a plan for drilling this deep well that was based on

Detailed text transcripts for TV channel - MSNBC - 20100512:00:06:00

years. out in their denver office there was literally sex going on between the regulators and the industry. mm-hmm. and that s who these people are and i think the obama administration only now is seeing that they needed to begin the shakeup the moment obama came into office. there s oversight and there s oversight. so the bp shareholder who sued the company today claiming bp was knowingly cutting safety cost in violation of the commitments after the texas refinery blast, texas city and spending $16 million to lobby against regulation. how long is that bush era voluntary self-regulation regime going to last now? i think it s going to end because it s got to end. i think that s clear. what happened here is that bp presented a plan for drilling this deep well that was based on an earlier environmental impact

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