[07055]

"And from a federal standpoint, they protected a lot of very valuable property."

Yes, they protected a lot of very valuable property that the government does not own.

In fact, they will significantly increase the value of that property--and all profits will go to the private owners.

Is this a great country or what?

[RolandBurnam]

get down with the system

[Incorrigible]

Long Beach Island and Sea Bright are places I think of when this issue comes up.

Hey, 07055, what are you doing with a Jersey zip in Memphis?

[ThinkDifferent]

Exactly. Somebody needs to buy these clowns a good economics book with the section on "moral hazard" bookmarked.