Where the Climate Buck Stops
Climate superfunds are a sensible way to put some of the costs back where they belong, but we’ll get them only if the public demands them.
This is hardly surprising. One out of every five homeowners owe more than their houses are worth. The real unemployment rate is over 16% and climbing. And banks are refusing to refinance sour loans, even with $50 billion from the Obama Administration. You can't unpop a bubble.
From the wires:
--d.f.