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The Basement
Severe Weather, Oklahoma and Kansas, check in!
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<blockquote data-quote="mark anderson" data-source="post: 91202" data-attributes="member: 635"><p>Re: Tim McCulloch...are you alive?</p><p></p><p>FEMA is a social contract. Socializing losses is what we did for the banks. </p><p>Insurance companies couldn't handle loses the size of a Katrina or Sandy or Moore. Disasters of that scale require a country's resources. Disasters of Fukushima scale require international assistance. That's why we realized as a nation that certain risks are both so rare and so devastating that for-profit insurance companies are not the proper way to distribute the risk. </p><p>This isn't an attack or political. As part of the human tribe and as Americans, we rise and fall with the assistance of others. It's part of civil society.</p><p>But to each his own.</p></blockquote><p></p>
[QUOTE="mark anderson, post: 91202, member: 635"] Re: Tim McCulloch...are you alive? FEMA is a social contract. Socializing losses is what we did for the banks. Insurance companies couldn't handle loses the size of a Katrina or Sandy or Moore. Disasters of that scale require a country's resources. Disasters of Fukushima scale require international assistance. That's why we realized as a nation that certain risks are both so rare and so devastating that for-profit insurance companies are not the proper way to distribute the risk. This isn't an attack or political. As part of the human tribe and as Americans, we rise and fall with the assistance of others. It's part of civil society. But to each his own. [/QUOTE]
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