If you haven’t already, take a few minutes to read this piece that ran today in the Washington Post. Really, do it. I’ll wait. This is me waiting.

“How the Minerals Management Service’s partnership with industry led to failure” is a play-by-play of how lax government regulation and industry-written rules led to the disaster in the Gulf of Mexico, and brought a U.S. government agency to its knees. It eerily foreshadows where the Federal Communications Commission could be headed if Chairman Julius Genachowski doesn’t stand up to the industry he is in charge of overseeing.