Cap-and-doomed

February 5, 2010 By Charles Komanoff

Cap-and-doomed (Financial Times)

Filed Under: Politics

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We cannot change the fact that in Florida we have hurricanes, so we shouldn’t be penalized for it. This is why we have the federal government.”

Orlando Diaz, president of the Florida Association of Mortgage Professionals, quoted in Lydia DePillis, Mortgage Regulators Are Shrugging Off Climate Risk. It Could Cost Taxpayers Billions, NY Times, Dec. 7.

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