Cassano was not committing fraud in the narrow context that our politicians had been bought off to ease regulations to allow him to do what he did. Additionall

Cassano was not committing fraud in the narrow context that our politicians had been bought off to ease regulations to allow him to do what he did. Additionally, our executive branch pulled the age-old political trick of "speak loudly but underfund". That is, there was noone providing oversight in the OTS. According to the article, there was only 1 OTS employee that had a background and position to oversee the entire industry. Incidentally, a similar thing happened with Pentagon spending: for much of the Bush years, there was reportedly only 1 person to review ALL expense reports from all contractors. The result was everything was approved; zero oversight. This is what I term "engineered incompetence".