Fernand St. Germain

From Wikipedia, the free encyclopedia
Jump to: navigation, search
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(1928-01-09)
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

  1. ^ 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
 This article incorporates public domain material from websites or documents of the Biographical Directory of the United States Congress.
Personal tools
Namespaces

Variants
Actions
Navigation
Interaction
Toolbox
Print/export
Languages