Second, there are two problems with respect to mobile homes in particular. One is we obviously dont want to put them in a flood plain, because if theres another flood, youre going to lose the mobile home. – Michael Chertoff
I think the idea that you can go this alone is – was a huge mistake. And unfortunately, there was a price paid in terms of suffering and pain for people in New Orleans. – Michael Chertoff
We may have to force people to get together in terms of picking a particular type of technology and starting to build to that technology, as opposed to everybody exercising their right to buy their own system, you know, at will. – Michael Chertoff
Weve certainly learned a lot of lessons from Katrina, from Rita. Rita was better than Katrina. Were doing a better job planning. Were closer – more closely aligned with the Department of Defense. These things would be positive things if we were to have another attack. – Michael Chertoff
Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. – James Buchan