The companies that manufactured and sold aluminum-covered polyethylene insulation for buildings knew it was a fire hazard and covered it up.

I hope the exposure of this giant, deadly fraud changes the decisions to impose the cost of replacing that insulation on the people who bought the condos — because it rendered their homes unsalable as well as unsafe, and the cost of the repair will bankrupt them.

The article does not go into detail about the involvement regulators in the affair, but it is clear that (at least) they were not sufficiently firm. I have a hunch that the Tories cut the budget and regulation of building seemed like a spending item that the state could do without.