Latest Disaster a 'Dress Rehearsal for Something Worse'
September 4, 2008

With an estimated damage toll that may reach $12 billion, the aftermath of hurricane Gustav's track through Mississippi, Louisiana and other states finds banks and credit unions cleaning up and reopening their institutions.

Now being the "prime time" for hurricanes, all eyes remain closely fixed to television reports, with three named storms already heading toward Florida's eastern coast and two others gaining strength.

Calling Gustav a "dress rehearsal for something worse," Mississippi Bankers Association (MBA) President Mac Deaver assesses the overall reaction and recovery time for institutions as a great improvement over previous disasters, with many financial institutions reopening in Mississippi on Tuesday, where power and staffing levels were available....