Fox News
Expand
Browse All Video
Watch Live

You're watching...

Will FEMA request bailout?

Details

  • Description

    Superstorm Sandy strains budget

  • Duration 4:48
  • Date

Clips

Also in this playlist...

Cavuto on Business

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Or what do you think the victims of sandy are fuming at -- now.

-- its -- swindling the federal agency is preparing to ask for taxpayer funded bail out.

Now there are reports that say the team and Red Cross workers in New York where -- up.

And a swanky Soho Grand Hotel in Manhattan.

But at least they're getting a discount rate 310 -- and not.

The Red Cross put -- -- at a 181000.

Bucks -- there workers Charles doesn't like.

Any of the sudden I went on this site I expected Big Dig out of a bit too much bad precedent that stay somewhere but I have a problem when it.

When.

It's at the expense of folks and who were affected some.

Right now of course now they're talking about a bailout for -- they got a bailout out the Katrina.

Never paid that back to gonna need another.

Whatever sixteen billion -- post office lost sixteen billion.

Federal housing -- preset all sixteen million and I think that's a common thing like sixty minutes it's -- in -- not a -- that number later -- yes and I accommodation -- -- me just -- you -- -- -- -- -- sixty Charlie -- for sixty president and then of course they -- to find places -- was pretty tight but it just doesn't doesn't feel -- -- they had the so we're gonna have more money before the first stock market -- and.

They took I think there's a very that's very nice place Adam you clearly feel guilty.

Well -- guys because in.

Backed -- -- at the SoHo grand that last -- and I have to say.

I did think it was -- plus mile -- actually and of course.

Yeah they have places that is -- that's a great -- man.

883 trapped within the other hotels over on New York to midtown.

As -- that.

As in fact the FEMA workers did they also stated Hilton garden ends and I and I believe Samaria residents and they -- other places.

What we're just piling on theme here which of course has problems and needs to be improved but this one's just just fun -- of -- a beautiful picture of of the of the hotel.

But you know it does come at a time when they RSC for more -- Ben -- and there is this feeling that.

You know they weren't up to -- handling this their immediate reaction was for you talk to folks out Staten Island they're still waiting for help.

These emergency -- -- senators that were set up Friday after the storm that shut down.

I had a nor'easter because they didn't want to endanger workers I understand all of that but it just.

Raises this issue than what the hell you doing there if it your your job -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- What revenues -- -- -- Manhattan why they stay in the Manhattan.

Because it's the cool places to that's what I'm saying this is your service in lower Manhattan hello problem -- when -- as I did damage was in the united I didn't have any room -- -- sounds like maybe -- Libyan kind of deal but they didn't have any room and -- on Amazon has just now there's -- there's there's a girl called queen by what is a brokaw's queens and there's another -- called the Bronx that might be able to stay and where -- -- I guarantee there's hotels there.

This is wife isn't it just it wreaks they are out there and it.

This before I know they checked every hotel in the Bronx.

In Yonkers in the surrounding but in the surrounding areas and they found that he would they were sold out I doubt it and then they -- -- -- -- program but it would try to hit.

And hadn't had a -- grant is an amazing place now it's not how it's great.

-- yeah.

This contract but either -- it's big it's beyond the SoHo grand this is about the financial mismanagement.

Of a government agency it is about the financial mismanagement of the National Flood Insurance Program.

Where people in this country get to buy insurance at below market rates that is subsidized by the American taxpayer.

And wind as storm hits -- have to go to the Treasury Department they're gonna run out of the borrowing limit after this storm the flood insurance program.

And again but we as a nation have let this go on and on and on and even people within government know the flood insurance program is completely mismanaged -- don't have accurate and -- Kids are very generous and they -- cards have date date date date with our hearts first and then their heads after that and they think.

We'll give more money give more money to -- -- more money and he's on our policy to say the opposite -- tells.

He's so heartless of you say the opposite but you don't sound heartless -- you say take that money is a wisely and in no way I stayed at the -- -- -- -- -- room as well wait -- cheap hotel call itself Graham you know you don't hear that western grand trees and never now.

Load More