[vorpalhex]

As much as it'd be great to just point a finger and say "You should of known better!", houses are the bulk of most folks assets and the last thing we need is to turn a few small cities worth of people into homeless refugees.

So realistically they'll get a bail out so they can at least recover somewhat. It will still be a loss for them, it'll be a loss to everyone who pays taxes, but it's still better then the alternatives.

[graeme]

Why? With this attitude, we'll keep building more vulnerable cities at the coast, effectively subsidizing doomed construction.

[vorpalhex]

We shouldn't have unemployment, since people should just be saving enough money to make it through the hard times!

People as ends, not means. It's not ok to leave people starving in the streets as an example to others. Fight for laws to restrict building in flood plains, but don't abandon the forlorn.