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Thursday Night Thrash: Grinderman - No Pussy Blues (Live)

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kirkspencer1/04/2013 9:02:04 am PST

re: #360 lawhawk

The reason that the NFIP was done was because people couldn’t get flood insurance on the private market. The NFIP required bailouts because of a string of flood disaster claims that overwhelmed its budget. This is another bailout of the program, and it will allow to program to continue with paying Sandy claims, plus any other flood claims that hit in coming months (and there will be those claims).

I agree. I was objecting to the comment of his bill that will create an innovative private market replacement.