N.Y. Attorney General: Nation's Flood Insurance Program Defrauding Taxpayers
http://www.npr.org/2016/08/02/488343134/n-y-attorney-general-nations-flood-insurance-program-defrauding-taxpayers
Holy crap, you mean private insurance firms were committing fraud against the government and costing taxpayers money. I am sure the market would have eventually found them in their own. We don't need more oversight. (That was sarcasm in case you missed it.)