As the NY Times continues to study the GM Cobalt debacle they finally swing around to noticing that in addition to Evil Greedy Corporations we have witnessed a Big Government fail:
U.S. Agency Knew About G.M. Flaw but Did Not Act
By MATTHEW L. WALD MARCH 30, 2014
Federal regulators decided not to open an inquiry on the ignitions of Chevrolet Cobalts and other cars even after their own investigators reported in 2007 that they knew of four fatal crashes, 29 complaints and 14 other reports that showed the problem disabled air bags, according to a memo released by a House subcommittee on Sunday.
Then in 2010, the safety agency came to the same decision after receiving more reports that air bags were not deploying.
Of course by 2010 Obama owned GM and ran the safety agency, so move on.
I guess they can't blame Greedy Government and I know I shouldn't be surprised by their surprise, but this is a mini-replay of all the angst and hand-wringing about failed regulation of the banking system.