They just got tired of chasing you.
"FEMA unveils plan to waive debts for victims of Katrina" February 09, 2012|By Michael Kunzelman
NEW ORLEANS - The Federal Emergency Management Agency announced yesterday that it is rolling out a plan to waive debts for many victims of Hurricane Katrina and other disasters who may have mistakenly received millions of dollars in aid.
The debts, which average about $4,622 per recipient, represent slightly less than 5 percent of the roughly $8 billion that FEMA distributed to victims of Katrina and other 2005 storms. Some of the overpayments were caused by FEMA employees’ own mistakes, ranging from clerical errors to failing to interview applicants, according to congressional testimony.
FEMA is expected to mail out roughly 90,000 letters next week to inform disaster victims that they may be eligible for debt waivers. The recipients will have 60 days to respond and request a waiver.
Last year, the agency sent out debt notices in an effort to recover more than $385 million it says was improperly paid to victims of hurricanes Katrina, Rita, and Wilma in 2005....
In their responses to the waiver letter, disaster victims must explain why collecting the debt would cause them serious financial hardship, FEMA says. Recipients also must specify how they spent the money and why they cannot return the funds to FEMA....
But Wall Street gets to walk after all the loot they stole with their fraudulent foreclosures and mortgage-backed securities scheme that destroyed the world economy while fattening their personal bank accounts.
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Oh, I'm sorry. Wall Street did get a slap on the wrist.
