Wednesday, August 31, 2005

One more note on the looting

Badger, one of the smartest people I know, has this to add about the looting going on in NoLA:

The real looters and property criminals are going to be the banks who end up owning all the people's houses as they can't pay their mortgages. FEMA is not going to save people's middle class, property-owning status. Most of the national money to rebuild will go to an insane plan to restore the low-lying areas which have only been there since the 1910 levee plan... So the tax money will go to make things nice for the banks and very-wealthy developers who have the capital to ride it out, and who will end up owning everything. Now THAT's looting.

You go! Shades of the Dust Bowl.

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