Let the market dictate the recovery is the cry from some. This might make the most sense but seems so cruel and heartless that even the staunchest conservative has second thoughts.

Was there an implied contract of safety? Did the federal government promise to protect New Orleans from flooding? Are money damages appropriate. If so who gets the money?

• State and municipal governments are first in line
  
• Homeowners of properties destroyed by flooding seem to be next
• Landlords are queuing but have little voice
• Utility companies are being told they took a risk so live with it
• Insurance companies are among the most injured and are being offered nothing

The problem with no bailouts for utilities and insurance companies is that market forces will prevail. Rates will jump, insurance will not be available, property values in the area will plummet. This will create a second catastrophe, perhaps more expensive than the first.