Opinion: The NFIP bailout à la Trump

The National Flood Insurance Program (NFIP)'s pending $16bn
bailout offers a prime example of the deep-seated rot that
ultimately prompted disgusted American voters to elect Donald Trump
as president.
The idea, dreamed up when Lyndon Johnson was creating his Great
Society programmes, became the NFIP in 1968. It was designed to
offer an affordable way for property owners to insure against flood
risk in areas where private carriers would not venture.
Now nearly 50 years later, the NFIP is in...