The Great Katrina Caper?

What do a (false) red shield and Waterloo have to do with this?

Washington Post Wednesday, August 31, 2005;

Floods Ravage New Orleans Two Levees Give Way; in Mississippi, Death Toll Estimated at 110

By Guy Gugliotta and Peter Whoriskey

NEW ORLEANS, Aug. 30 -- Two levees burst Tuesday[August 30, 2005], flooding the city of New Orleans in the aftermath of Hurricane Katrina, which had already leveled much of the Gulf Coast from Louisiana to Alabama in one of the nation's worst natural disasters.
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NY Times August 31, 2005

New Orleans Is Now Off Limits; Pentagon Joins in Relief Effort

By JOSEPH B. TREASTER and N. R. KLEINFIELD

NEW ORLEANS, Aug. 30 - A day after New Orleans thought it had narrowly escaped the worst of Hurricane Katrina's wrath, water broke through two levees on Tuesday [August 30, 2005] and virtually submerged and isolated the city, causing incalculable destruction and rendering it uninhabitable for weeks to come.
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Katrina & Recovery

Timeline: Who Knew When the Levees Broke

NPR.org, February 10, 2006 · A timeline released by a Senate investigative panel shows 28 reports of levee failures the day Katrina made landfall in New Orleans. The information is at odds with contentions from Bush administration officials who say they didn't learn about the levee failures until the following day.

MONDAY, AUG. 29, 2005

8:30 a.m.: FEMA's regional office is informed that "a twenty-foot tidal surge… came up and breached the levee system in the canal."

9:08 a.m.: A brief from the Transportation Security Administration notes that the Industrial Canal levee has been breached. "There is heavy street flooding throughout Orleans, St. Bernard, and Jefferson parishes," the brief notes. A senior watch officer at the Homeland Security Operations Center receives the brief at 11:41 a.m.

9:14 a.m.: A flash flood warning from the National Weather service notes: "A levee breach occurred along the Industrial Canal… 3-8 feet of water is expected."