Congress Mulls Big Bailout For Lenders In Gulf Coast States

Roberts, Ed
October 2005
Credit Union Journal;10/24/2005, Vol. 9 Issue 42, p1
Trade Publication
Reports on the request of Gulf State lawmakers for the U.S. Congress to extend a massive bailout of lenders and property owners recovering from the flooding following Hurricane Katrina. Recommendation of Mississippi Congressman Gene Taylor to allow uninsured property owners to buy flood insurance retroactively through the National Flood Insurance Program; Proposal of Representative Barney Frank for some kind of bailout of uninsured property owners; Implication of Barney's proposal on the flood insurance program if adopted.


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