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...point out that "not one nickel of taxpayers' money" will be spent on Continental because the rescue funds will come from FDIC reserves, which are made up of earnings collected on insurance premiums from banks. Yet the chairman of the House Banking Committee, Rhode Island Democrat Fernand St Germain, objects to any Government agency committing itself to such an expensive bailout without getting congressional approval. Said St Germain: "If there are enough Continentals, then we can rest assured that Mr. Isaac will be standing here, hat in hand, asking for congressional appropriations to replenish the funds...

Author: /time Magazine | Title: Betting Billions on a Bank | 8/6/1984 | See Source »

Opponents of further deregulation are moving quickly to the attack. Among them is Rhode Island Democrat Fernand St Germain, chairman of the House Banking Committee, who last week introduced a bill that would force commercial banks to sell their discount stock brokerage subsidiaries. Said St Germain of Continental's brush with failure...

Author: /time Magazine | Title: A Bad Case of the Jitters | 6/4/1984 | See Source »

...Reinabold 2b 2 1 2 0 Hoadley dh 3 1 1 1 Everton ss 3 0 1 1 Tappert 1b 3 0 1 0 Huerta 3b 2 0 0 0 Harmon cf 2 0 0 0 lacobucci if 3 1 1 0 Brown c 0 0 0 0 Germain pr 0 0 0 0 Dougies c 1 0 0 0 Total...

Author: NO WRITER ATTRIBUTED | Title: Saturday's Games | 5/7/1984 | See Source »

Game Winning RBI-Meapons. LOB_Harvard 3. Army 6. E-Kay. 2b-Maspons, Hoadley. 3b-DePalo, Maspons, DiCesare. HR-Wller, Vierra. SB-Reinebold, Harmon, Germain. CS-Germain S-Huerta. SF-DiCesare. IP H R ER SS SO Army Tubba L, 2.2 5 1/2 10 12 8 3 0 Kitz 1/2 1 1 0 0 1 Harvard Sutton 2 2/3 4 3 3 2 0 Chenevey W, 2.0 2 1/2 2 0 .0 3 2 Marchok...

Author: NO WRITER ATTRIBUTED | Title: Saturday's Games | 5/7/1984 | See Source »

...Neill that he demanded a letter of apology from the President. Without one, said O'Neill, the Democratic leader would not name any members of the Senate-House conference committee that must iron out the differences between the Senate and House bills. In addition, Democrat Fernand J. St Germain of Rhode Island, chairman of the House Banking Committee, said that he would bottle up the IMF bill unless the Administration persuades the Republican-controlled Senate to act on an unrelated bill on low-cost housing...

Author: /time Magazine | Title: Trouble at the Credit Union | 10/10/1983 | See Source »

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