Word: bayou
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Then there's Laura Goldman, another lone voice in the wilderness of Wall Street enforcement. Goldman, who blew whistles on such notable investment frauds as First Jersey Securities, Bayou Hedge Fund and Lydia Capital, among others, now has the full attention of SEC Inspector Kotz's office. In all, Goldman says she has alerted the SEC over 30 times and, despite its cold shoulder, through one means or another she has seen 25 of those tips lead to fraud charges being filed...
...more exposed than New Orleans. For decades, Louisiana's southern parishes have clamored for a series of gigantic levees across the coast--a kind of Great Wall of Louisiana--starting with a 72-mile (116 km) Morganza-to-the-Gulf dike for the city of Houma and some exposed bayou towns. Keith Luke rode out Gustav in his shrimp boat; his hometown of Dulac, once nestled behind cypress swamps and marshes, is now surrounded by open water. "We need levees," Luke said after the storm. "This is one bayou that's not protected ... I'm sure we're going...
...know how best to protect low-lying areas like Du Lac from flooding. Truth is, the folks who've spent their entire lives on the water have their own insights. Take Chris DeJean, 24. On Tuesday afternoon, DeJean was clearing debris from his shrimping boat, which floated in the bayou directly behind the home he shares with his mother. Like many people here, DeJean's roots in Du Lac run deep. His mother was born 40 years ago in the house right across the street. His grandmother was born there...
DeJean rode out the storm at his house. He took several seconds to consider how to protect bayou communities like his - and whether a kind of Great Wall of Louisiana would be built. He says: "It probably could help. But you need floodgates on everything. The only way it'd work is for everything to be connected. You couldn't have pieces [of the levee] here-and-there, you know?" he says, standing outside his one-story white clapboard house...
...deckhand, Charlie. "Things was bad," Luke says of Gustav. "We had a lot of wind, but not a lot of water." The water, he estimates, rose about three feet above normal. How would he go about protecting his community? "We need levees - with floodgates that work. This is one bayou that's not protected. There are other bayous they [the federal government] were able to get to, and I'm sure we're going to get our turn. As soon as they...