Rich - regarding your question about who owns the insurance companies.
Most of them are publicly traded corporations in which one could, in theory, own stock.
I'll add one more entity to my rant. The insurance companies have one more partner in the crime of holding back money. FEMA. They and the state of Louisiana have had p|ssing matches about how the money should be paid out, with EVERYBODY getting involved in trying to take their share and the state trying to assure that the money gets to the person who is trying to rebuild.
The loan companies want the payouts to go to them so they can be paid off first, claiming that their prior debt gives them priority in payoffs.
The insurance companies are using this to balk at payouts because now they talk about being party to a lawsuit initiated by the loan companies if they give money to the insured, or party to a lawsuit initiated by the insured if they give the money to the loan companies. Poor darlings. If you look at an 18 month window after Katrina, the big insurance companies declared RECORD PROFITS in the same year as one of the worst natural disasters to ever hit the United States. But they can't afford to pay out the claims. Poor bastards. I really hope they keep this up. Congress is about to lose a lot of its ingrained business-oriented members as the political pendulum swings. The insurance companies need a deep dose of reality and if they keep it up, Congress will give it to them as their constituents complain loudly enough to overwhelm the lobbyists.
But I digress.
Between tight-fisted insurance companies, federal agencies that don't get things right on a good day, and contracts written so that persons trying to research a claim are eating up the available dollars in travel expenses to find all the persons dispersed by Katrina, nothing is getting done. I personally know people who have been waiting for 18 months to get more than a token payout so they can start work on their homes. Without the insurance money or other compensation, they can't afford anything other than do-it-yourself, and the problem there is magnitude.
Here it is, 18 months after Katrina, and I still drive along the edge of some neighborhoods where abandoned, blighted houses outnumber returns by 3:1 or 4:1 easily. I cry for my city. But it isn't for racist issues. It is for the GDSBMF greed of insurers to whom the almighty dollar is their idol. The letters are blasphemous, disrespectful of ancestry, and disrespectful of their treatment of parents, which is how strongly I feel about this.
You want to know why people are not coming back? I'll tell you. Before Katrina, the N'Awlins public school system was so bad that everyone who could afford it sent their kids to private schools. Many folks took a second job to be able to afford it. OK, those folks had to move elsewhere when 10 feet of water (that stayed for weeks) destroyed everything they owned. So now they are in other states that have better public schools. They find that they don't NEED that extra job, they can stay home and be with their families more. OR they can keep the second job and put towards a new house in that new location. Here, they would have nothing. Elsewhere, they have their economic opportunities. Why WOULD they come back?
Oh, one more question: Is America the land of opportunity? Yes, it still is. But the poor folks don't want opportunity. They want their welfare check. The lazy, don't-want-to-work crowd just wants to go on the dole. Which is why I commented as I did earlier about how the Hispanic migrant workers now in our area are showing the lazy bums how opportunity REALLY works. You don't get the lottery check in the mail. You go out, take opportunity by the horns, and WORK for your dreams. In that sense, there are thousands of opportunities still waiting to be taken. All you need is a little sweat-equity. Elbow grease. Or, more plainly, be willing to WORK for a living.
I could rant more about this, but I'm deviating from the Imus theme. (Nor am I the first.) I guess I'll stop here for now. It was a sleepless night because my stepdaughter's cats got out of their room where they stay at night. I had to catch them and toss them through the door before they made deposits on the rug. I talk sometimes about skinning cats, but tonight I was more tempted than ever to demonstrate proper technique.
