China to inject $174B of liquidity on Monday as markets reopen

Re:China to inject $174B of liquidity on Monday as markets r... by btilly on Sunday February 02, 2020 @07:35PM (#22220502)

In fact the levees were designed to survive a Katrina-sized storm, but of course never had to prove they could, until they failed.

They were not, and the fact was well-known in advance. Their limit was a category 3 hurricane and there had been years of passing the buck about upgrading the levees to give the city a shot.

Then Katrina happened and everyone who had passed the buck claimed that it wasn't their fault.

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Re:China to inject $174B of liquidity on Monday as markets r... by unishark on Sunday February 02, 2020 @07:42PM (#22220527)

Katrina was actually weakened to category 3 when it hit new Orleans. They should have lucked out (yet again) if the levees performed as they were supposed to.

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Re:China to inject $174B of liquidity on Monday as markets r... by selimthegrim on Sunday February 02, 2020 @10:49PM (#22221285)

Design of the levee was Army Corps/Federal responsibility and maintenance was the local one.

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