Taxpayer loses amidst crackdown on levees

In James Pilcher’s Feb. 9 story on flood insurance, it might be fair to directly point out that the big loser is the taxpayer (“FEMA’s crackdown on levee standards triggers painful decisions by cash-strapped cities; bills stun homeowners”). If the federal government did not insure mortgages (at an enormous loss) it would not have to […]