June 15, 2011 file photo, a farmhouse and buildings surrounded by flood waters from the nearby Missouri River in Hamburg, Iowa
John Stossel talked about the government’s idiotic flood insurance on his show on the Fox Business Channel.
In this case (and in a roundabout way, many other cases), the entity causing the flooding (the FedGov) is also the one selling the insurance, making the rules about what/who is covered, when the coverage starts, and how much to pay in claims.
Conflict of interest... say it ain’t so...
June 15, 2011 file photo, a farmhouse and buildings surrounded by flood waters from the nearby Missouri River in Hamburg, Iowa