From Air Safety Week:

Cynicism Unleashed

The heightened scrutiny of financially distressed carriers announced April 4 by the Federal Aviation Administration (FAA) was notable for the vagueness of its objective to safeguard safety. One pilot reacted with the following analysis:

Speak loudly but generally about intentions with few specifics and much bruiting about the problem being "fully recognized."
Hope that the ensuing press coverage won't focus so much on the superficialities as on the fact that the regulator is totally focused on the problem.
Count on operators to note the FAA's announced concerns and to clean up their own act - now that the regulator has distanced itself from culpability for any adverse outcomes.
Cross your fingers and await developments. Watch CNN for breaking news of accidents/incidents. Have press officer prepare appropriate pro forma press releases.
Issue stupendous fines for infractions and advertise them widely.
Later, after publicity has subsided, excuse or reduce fines so as not to harshly impact a sector struggling with its bottom line.