Donald Powell Quotations

I think everyone in this room understands that the dual banking system is at a crossroads,

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.

Should the commitment not be there, it would be as if there were no protection.

Credit losses are very low now, but mortgage lenders need to be prepared for higher losses,

The levee system will be better and stronger than it ever has been in the history of New Orleans.

The levee system will be better and safer than it's ever been before.

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.

Sean has been a guy who has reached out to me. He seems to have a sense of urgency about this.

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.

I think New Orleans and Louisiana need to be safe,