Any time you see the phrase “of last resort” lookout for the taxpayers wallet because they are going to get ROBBED! No doubt that corruption and ethics violations will be a problem and anyone who rats is going down. The real problem is that these properties that cannot secure insurance without a taxpayer backing them, should not have homes in these areas. The market has stated that the risk is too high, they should be paying a fortune for insurance or not building. These mansions on the beach should not be paid for by taxpayers! The taxpayers are broke and innocent!
Any time you see the phrase “of last resort” lookout for the taxpayers wallet because they are going to get ROBBED! No doubt that corruption and ethics violations will be a problem and anyone who rats is going down. The real problem is that these properties that cannot secure insurance without a taxpayer backing them, should not have homes in these areas. The market has stated that the risk is too high, they should be paying a fortune for insurance or not building. These mansions on the beach should not be paid for by taxpayers! The taxpayers are broke and innocent!