Comment: These FEMA handouts for people who, in most cases, are wealthier people buying more expensive waterfront property of some kind, are crap. But many of these people's property may have been cheaper because of the proximity to the flood prone river. Either way, you either gambled and lost or you have money to burn. The role of the federal government shouldn't be to settle others gambling debts or pad wealthy pockets.
New Orleans is no different really except a whole city was built on the gamble of dike/flood control infrastructure that was left to decades of neglect.