Donald Powell
Donald Powell
Donald Powell Distinguished Service Orderwas an officer in the British Indian Army during World War I and World War II...
banking dual room system
I think everyone in this room understands that the dual banking system is at a crossroads,
assets banking banks decline increasing indication numbers relative seeing seem state system
In short, what we seem to be seeing is a state banking system that is increasing in relative numbers and decreasing in relative size, ... Going forward, there is every indication the relative decline in the assets of state banks will continue.
compete design mother necessary saying stronger sure system systems whatever
I don't think we can design a system that can compete with Mother Nature. What we're saying is that we are going to do whatever is necessary to make sure we have stronger and better levee systems than we've ever had.
business create jobs move particular people safe system vital
It's important that people feel safe and move back into the area. It's important that business create jobs in that particular area. The levee system is vital to that process.
history stronger system
The levee system will be better and stronger than it ever has been in the history of New Orleans.
safer system
The levee system will be better and safer than it's ever been before.
best building committed federal government known system
The federal government is committed to building the best levee system known in the world. It's a complicated issue.
determine exercise federal initiative insight local needs path rebuilding
Rebuilding should not become an exercise in centralized planning. If federal bureaucrats determine the path of rebuilding, local insight and initiative will be overrun and local needs overlooked.
apparent became felt number orleans people rebuilding unless visiting
It became very apparent to me after visiting with the administration, visiting with the president, that there would be no rebuilding of New Orleans unless people felt safe. That is the number one issue.
banking four knows last opportunity profits public record sector
The American public knows that the banking sector has had record profits for the last four years. It's an opportunity to be generous.
work
That work is being done as we speak.
business coming consumers disaster financial help houses hurricane natural order owners people turning wake weeks
There are many things consumers and business owners can do now and in the coming weeks to help put their financial houses back in order in the wake of the Hurricane Katrina, ... The FDIC is doing what we can to try to keep this natural disaster from turning into a financial disaster for all the people harmed by Katrina.
enable people
This will enable people to get on with their lives.
president today
Today the president is requesting another $1.5 billion.