So you’re backing away from your initial tilt of outright seizure of BP’s assets?
Should BP fail to pay legitimate restitution then by all means assets should be pursued and there are already laws for doing this.
Are those laws questionable? No argument. However until the people of this country - and that is the key, the people who by the foundational basis of this country are responsible for governance, not the other way around - engage and reassert control of the government instead of letting populist sentiment manage the SNAFU response de jure, this situation will be little better than an opportunity for the ambitious to grab yet more power and profit.
No way to sugar coat it - Outright seizure bypasses any established legal precedent in any place other than tyrannical regimes - I defy you or anyone else to offer up an example of a benevolent dictator for any group larger than your kids PTA and even then, rarely - which puts any advocate into crazy land and that’s a fact.
When the entire problem - a problem you alluded to above - is openly examined against history, then it looks pretty grim. There is an ongoing steady decline towards a very ugly authoritarian environment and every time a rule is bent to satisfy the latest outcry we’re one step closer to something very shitty that people pretend can never happen here but which in fact is occurring daily.
If the goal is to make this and other situations right then seizure of assets before allowing those who made the mistakes - both in our government and BP - to correct their actions only satisfies emotion while making all of our lives worse.
People who contribute to populist rage are far more dangerous to us all than any oil spill if for no other reason than we’ll be left with an oil spill, dead bodies and no way to clean either up.
Oh, and tell me how many surf board builders get to practice their craft in oil poor dictatorial countries.