FDIC Chairman to Oversee Storm Recovery

Another crony...hope this one does a better job--Dictynna

By Spencer S. Hsu and Terence O'Hara
Washington Post Staff Writers
Wednesday, November 2, 2005; Page A02

Donald E. Powell, chairman of the Federal Deposit Insurance Corp. and a major Texas backer of President Bush, was named federal coordinator of long-term hurricane recovery efforts on the Gulf Coast, Homeland Security Secretary Michael Chertoff announced yesterday.

Powell, 64, will report to the president through Chertoff and be the main federal contact for Congress, state, local and private leaders in supporting "mid and long-term recovery and rebuilding plans," such as economic development and infrastructure reconstruction, Chertoff said in a statement.