The main reason why they failed in the first place is because of the government's ineffectiveness and inability to act proactively to prevent these disasters. The gubmint did not adequately inspect the BP well and gubmint policies unquestionably encouraged risky lending. Government is not the solution, it is the problem.
We need a smaller, leaner, government directed like a laser beam on limited areas. not a vast Leviathan of government with their fingers in every aspect of our lives.