BP and Transocean let their safety processes slide, as did the regulators, and 11 people died as a result. Someone’s father, brother, son - and for what?Is this guy serious? He appears to be-- Mises's famous "no way to avoid the final bust" dictum headlines the site, presumably as words of wisdom making sacred everything else the SHTFPlan bloggers write about.
According to these reports, it was for money. What motivation do corporations have to protect their employees? When they can still profit from disaster, even after people die, then the only motivation is profit. Even after settlements with the families, these companies will come out ahead.
Will anyone be prosecuted? Like Goldman Sachs, there will be a show - heck look at the circus they’ve made of it now! In the end, no one, at least not those directly responsible, will be criminally charged with manslaughter or negligence, and as a result, corporations like BP, Transocean, Goldman, JP Morgan, et. al. will continue with business as usual - killing people, destroying lives, destroying sovereign economies, manipulating currencies & stock markets, and a host of other crimes against humanity, while our politicians turn a blind eye, because they, too, have been bought and paid for.
But where is the logic in this? If Transocean was willfully negligent in its safety and maintenance measures and essentially purposefully allowed the rig to explode to collect an insurance payment, this would constitute fraud. Presumably, Transocean's insurers (and re-insurers) did not write a contract with Transocean that stated it'd be just fine if they sabotaged their own rig and forced the insurer to pay out on it. This is the same reason a person can't light their house on fire and collect homeowner's insurance, or murder their spouse and collect the life insurance.
If what Slavo is accusing Transocean of is true, it's hard to believe the insurance companies would've paid up so quick. What's more, we will likely see them take Transocean to court for insurance fraud and demand a clawback of the money if so.
My guess is Slavo is out there... his attempt to tie the Deepwater Horizon debacle to Goldman Sachs and other regulatory capture events is weak and seems like a maneuver to get some additional Goldman Sachs-hatred related search hits on his blog.
I'm calling BS on this one until Transocean's insurers take the rig operators to court for insurance fraud.