Originally Posted by SloopJonB
Sounds like another shining example of the benefit of free and unregulated capitalism. It certainly demonstrates the "self regulating" nature of that philosophy - too bad people had to die for such Friedmanesque purity.
Unregulated capitalism? Seriously? Not in the USA, despite rhetoric. Our Code of Federal Regulations (CFR) is almost 160,000 pages long!! There are something like 50 federal regulatory agencies. Add State and Local and the number is countless. You can't make a ham sandwich here without being subject to a regulation.
Let's see if they were operating within the limits of the regulations that do exist. I highly suspect we are going to learn they were not, but let's see. If not, writing more won't obviously make much difference, will it.
p.s. "uninspected vessel" is a term of art in USCG certificates and doesn't mean you are free to do whatever you want.