One study, by Mark Burton and Michael J. Hicks estimated the total economic impact to Louisiana and Mississippi may exceed $150 billion.
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Furthermore, Jim Sensenbrenner, Republican chairman of the House Judiciary Committee, has refused to allow victims of the hurricane to take advantage of any exception to the recent Bankruptcy Reform, a recent bill passed with widespread support of the banking industry that aims to curb abuse of bankruptcy protection by repeat filers and those who are able to repay debts reasonably.
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One BP station in Stockbridge, Georgia, south of Atlanta, was selling gas at $5.87 per gallon ($1.55 per liter) less than a day after Katrina hit.
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