Friday, August 26, 2011
Hamptons Hurricane: A Bankers' Katrina
by Greg Palast - August 26, 2011
Don't worry: the bankers are safe. The sub-prime sharks, derivatives divas, media mavens and their hairdressers, their trophy wives and their trophies' personal trainers, the movers and shakers and money-makers, are all out of danger. Despite the warning that in a couple of days Hurricane Irene could well hit The Hamptons, the beach of the best of the ruling class will not lose a tan line.
I made sure they're safe. A couple of decades ago, I worked on an emergency evacuation plan for the county of Suffolk, New York, home of the Hamptons. It's the wealthiest county in the United States.
The Hamptons' hurricane plan is six volumes thick. The police and the politicians, the fire department and the first responders have their copies, their orders, their equipment and they are ready to roll before a single fake-blonde curl is ruffled by untoward weather.
The last hurricane to hit Long Island, far fiercer than Katrina, took two lives, not 2,000.
But then, the Hamptons isn't New Orleans, is it?
In 1992, a big storm washed into 190 houses on West Hampton Dunes, getting many grade-B film scripts very wet. The federal government, with your tax dollars, rebuilt every single home on the beach (average value then, $2 million each)—and even rebuilt the beach with an endless samba line of trucks filled with sand, care of the Army Corps of Engineers.
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