Obama decries fingerpointing, 'cozy' oil links

WASHINGTON – President Barack Obama on Friday angrily decried the "ridiculous spectacle" of oil industry officials pointing fingers of blame for the catastrophic spill in the Gulf of Mexico and pledged to end a "cozy relationship" between the oil industry and federal regulators that he said had extended into his own administration. Obama said he shared the "anger and frustration" felt by many Americans, and he acknowledged differing estimates about just how disastrous the damage from the leak could become. He said the administration's response has "always been geared toward the possibility of a catastrophic event."