You've probably already heard the shocking news that this very disaster was
predicted by National
Geographic writer, Joel K. Bourne, Jr., a year ago.
No, he didn't have a crystal ball. He read FEMA (Federal Emergency Management
Agency) reports and did his homework on the disappearing buffer of wetlands
and other facts.
Aside from all the disturbing issues, and loss of life issues, and loss of
pets and animals running in packs and needing to be put down and....
There is the issue of who is to compensate people for their losses - especially
when they don't have insurance.
The reason this is interesting is - if it can be proven, in a court of law,
that the city and state governments of New Orleans and Lousiana were negligent
in their construction codes, or precautions, based on the objective information
at hand - these governments are apt to be sued by all damaged persons and companies.
In addition, if the negligence can be proven, it's in the best interests
of the insurance companies to sue the New Orleans and Louisiana governments
to recover the funds they've paid out as a result of the 200+ ft breach in
at least one levee...and breaches in others.
Have we ever seen a whole state go bankrupt before?
(We almost saw California do it...and that's still a possibility...just kidding,
I hope.)
But, I'm curious, what provisions are in place for our Federal government
to shore up a state, when the entire state is insolvent?
More Katrina Information:
IRS Grants Tax Relief for Hurricane Katrina Victims
IRS Urges Citizens to Seek Qualified Charities for Katrina Help
