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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I've talked to people in all walks of life, from elected officials ... to the guy who repaired my shoes.
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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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This will enable people to get on with their lives.
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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.
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Every time some type of natural disaster has hit, the people of this region have come back, and come back stronger than before. Failure is not an option. ... It's too important a task not to do it right.
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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.
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This program allows states' leaders -- who are closest to the people -- to decide exactly how this grant money should be spent.
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I represent the American taxpayer also and I just share that with you to say that it's terribly important, terribly important that the good people of Louisiana, have a plan that is transparent, that is detailed, that is separated from the political winds, that will be administered for oversight, anybody looking at it can question, what's happening and that integrity just gushes from that plan, terribly important. It's a lot of money that the taxpayers are bringing forth.
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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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Credit losses are very low now, but mortgage lenders need to be prepared for higher losses,
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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.