Fernand St. Germain
| Fernand Joseph St. Germain | |
|---|---|
| Member of the U.S. House of Representatives from Rhode Island's 1st district |
|
| In office January 3, 1961 – January 3, 1989 |
|
| Preceded by | Aime Forand |
| Succeeded by | Ronald Machtley |
| Personal details | |
| Born | January 9, 1928 Blackstone, Massachusetts |
| Political party | Democratic Party |
| Alma mater | Providence College Boston University Law School |
| Occupation | Attorney |
Fernand Joseph St. Germain (born January 9, 1928) is a former U.S. Representative from Rhode Island.
Born in Blackstone, Massachusetts, St. Germain attended parochial schools in Woonsocket, Rhode Island. He graduated from Our Lady of Providence Seminary High School, 1945, and from Providence College, 1948. He served in the United States Army from 1949 to 1952, and then graduated from Boston University Law School, 1955.
St. Germain was elected to the Rhode Island House of Representatives from 1952 to 1961. He was admitted to the bar and commenced the practice of law in Rhode Island in 1956.
St. Germain was elected as a Democrat to the Eighty-seventh and to the thirteen succeeding Congresses (January 3, 1961 – January 3, 1989). He served as chairman of the Committee on Banking, Finance, and Urban Affairs (Ninety-seventh through One Hundredth Congresses); the Garn–St. Germain Depository Institutions Act of 1982 is named after him.
St. Germain played a large role in creating the savings and loan crisis by passing legislation which removed regulations on savings and loans which allowed them to engage in risky business practices.[1]
He was an unsuccessful candidate for reelection to the One Hundred First Congress in 1988. He is a resident of Newport, Rhode Island.
[edit] References
- ^ Zepezauer, Mark; Naiman, Arthur. "The S & L Bailout: $32 billion every year for 30 years". Third World Traveler. http://www.thirdworldtraveler.com/Corporate_Welfare/S&L_Bailout.html. Retrieved 26 November 2010. Excerpted from: Zepezauer, Mark; Naiman, Arthur (1996). Take the Rich Off Welfare. The Real Story Series. Tucson, Ariz.: Odonian Press. ISBN 1878825313. OCLC 35243493. http://books.google.com/books?id=Xwa0AAAAIAAJ.
| United States House of Representatives | ||
|---|---|---|
| Preceded by Aime Forand |
Member of the U.S. House of Representatives from Rhode Island's 1st congressional district 1961–1989 |
Succeeded by Ronald Machtley |
| Political offices | ||
| Preceded by Henry S. Reuss Wisconsin |
Chairman of the House Banking, Finance and Urban Affairs Committee 1981–1989 |
Succeeded by Henry B. Gonzalez Texas |
- 1928 births
- Boston University School of Law alumni
- Living people
- Members of the United States House of Representatives from Rhode Island
- People from Woonsocket, Rhode Island
- People from Worcester County, Massachusetts
- Providence College alumni
- Rhode Island Democrats
- Rhode Island lawyers
- Savings and loan crisis
- United States Army personnel