Re: Giving Katrina Victims $2000 Debit Cards - Bad Idea
On the news today it said that most of the debit cards went to the people in the Astrodome in Texas. So far they know of two people who used the cards to buy $800 handbags from Louis Vitton. It's hard when you hear a story like that not to extrapolate it to all people who got debit cards and think it's a waste.
I guess they've stopped the debit card program and now are giving checks or direct deposit to their checking accounts. I think that will be a safer way to make sure people keep the money, but you still can't make them spend it on true neccesities.
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