Fishermen face economic crisis - WDRB 41 Louisville News

Fishermen face economic crisis

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More federal fishing waters have been closed, another setback for one of the region's most important industries. More than one-third of federal waters were off-limits for fishing, along with hundreds of square miles of state waters.

Fisherman Hong Le, who came to the U.S. from Vietnam, had rebuilt his home and business after Hurricane Katrina wiped him out. Now he's facing a similar situation.  "I'm going to be bankrupt very soon," Le, 53, said as he attended a meeting for fishermen hoping for help. "Everything is financed, how can I pay? No fishing, no welding. I weld on commercial fishing boats and they aren't going out now, so nothing breaks."

Le, like other of the fishermen, received $5,000 from BP PLC, but it was quickly gone.  "I call that 'Shut your mouth money,"' said Murray Volk, 46, of Empire, who's been fishing for nearly 30 years. "That won't pay the insurance on my boat and house. They say there'll be more later, but do you think the electric company will wait for that?"

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