Gregs24
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Maybe they should have - so effectively you are saying bankers know more than climatologists!If what they had said decades ago (when global warming was the cool thing to say) about the poles melting and water levels rising in any area that there was beachfront development there would have been an immediate stop for any loans and development. Banks are a great decider when supposed global warming was the thing. Not only did beach front loans and development didnāt t stop it actually ramped up.
Banks model any future lending for any development because they donāt want to lose money. Even when projects are insured in case they go āunderā the banks are not going to make their money back. Banks are not in the business of losing money. Why they hand to go from global warming to climate change. They couldnāt get banks to stop the lending to build beach front properties.
Coastal flooding is a real thing costing plenty of money so it seems the bankers were wrong
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