I think everyone in this room understands that the dual banking system is at a crossroads,
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.
The federal government is committed to building the best levee system known in the world. It's a complicated issue.
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.
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.
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.