Crazy Talk About BP And Receivership

It's time for the federal government to put BP under temporary receivership, which gives the government authority to take over BP's operations in the Gulf of Mexico until the gusher is stopped. This is the only way the public know what's going on, be confident enough resources are being put to stopping the gusher, ensure BP's strategy is correct, know the government has enough clout to force BP to use a different one if necessary, and be sure the president is ultimately in charge.

If the government can take over giant global insurer AIG and the auto giant General Motors and replace their CEOs, in order to keep them financially solvent, it should be able to put BP's North American operations into temporary receivership in order to stop one of the worst environmental disasters in U.S. history.

Because the United States government is an efficient, well oiled (pardon the pun) machine. Puhleaze!

How can they even suggest placing BP into temporary receivership in order to stop one of the worst environmental disasters in U.S. History, when the current administration has helped create, propagate, and orchestrate one of the worst financial disasters in U.S. History?