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In response to "If Obama wanted to federalize BP, he could." by Strongbad

I can't say, I don't know about that. Here's a clip from the article I was talking about.

As simple as it may seem, the law prevents the government from just taking over, Allen said. After the 1989 Exxon Valdez spill in Alaska, Congress dictated that oil companies be responsible for dealing with major accidents � including paying for all cleanup � with oversight by federal agencies.

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