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(Studio: Tom Brokaw) Report introduced.
(New Orleans: Bob Dotson) The turning of the good idea of federal flood insurance, designed to protect the taxpayer, into a money bonanza for greedy developers, stubborn homeowners and government regulators who look the other way featured; details given. [Flood victim Darlene BARES, flood plan engineer Scott FABER, Tulane University professor Oliver HOUCK, environmental attorney Terri BEWIG, FEMA spokesman Morrie GOODMAN - talk about the cheap flood insurance that has caused an explosion of development in risky areas and disaster relief costs.]
- Brokaw, Tom;
- Dotson, Bob
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