2. The Other Deepwater Disaster (Department of Homeland Security IG, 2006)
When the Department of Homeland Security (DHS) IG performed an audit in 2006 on the Coast Guard’s plan to spend $20 billion modernizing and strengthening its aging deepwater fleet, it found “limited oversight and unclear contract requirements.” It only got worse from there. Later, the Coast Guard discovered that some of the boats had “deformation and cracks.” The IG released another report in 2009, reviewing the Coast Guard’s efforts to get its money back from the prime contractor, Integrated Coast Guard Systems. In this case, the IG reports were one of many signs that Deepwater was sinking.
Image of Deepwater Boat by Wikimedia Commons user Rnendza