Donald Powell
Donald Powell
Donald Powell Distinguished Service Orderwas an officer in the British Indian Army during World War I and World War II...
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The most important news here is that the viable flood maps are being issued today. I think it's important because it brings certainty to some uncertain issues along the greater New Orleans area.
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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.
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I think New Orleans and Louisiana need to be safe,
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I'm convinced that what we're doing here today ? if there is another Katrina that hits New Orleans that we would not see the catastrophic results that we saw during Katrina. There will be some flooding, but it will be manageable type flooding.
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I've talked to people in all walks of life, from elected officials ... to the guy who repaired my shoes.
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Credit losses are very low now, but mortgage lenders need to be prepared for higher losses,
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This new position allows me to continue to serve my country and help the many people who have had their lives turned completely upside down,
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That work is being done as we speak.
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Like the rest of the economy, banks are feeling the effects of the recession, as well as the aftershocks of the terrorist attacks on America in September,
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The American public knows that the banking sector has had record profits for the last four years. It's an opportunity to be generous.
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Today the president is requesting another $1.5 billion.
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I am aware that there is a great deal of public interest in the Wal-Mart Bank application; however, I believe it is important that the application be processed in a manner that is consistent with current law,
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Sean has been a guy who has reached out to me. He seems to have a sense of urgency about this.
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Should the commitment not be there, it would be as if there were no protection.