On Oct 17, 2008, at 2:43 PM, Michael Pollak wrote:
> This guy worked in the Treasury?
This is from the official Treasury bio note on Donald T. Regan:
<http://www.ustreas.gov/education/history/secretaries/dtregan.shtml>
> An undeviating champion of free enterprise, deregulation, and
> competition in American industry, Regan declared, "If you're going
> to be a capitalist, you have to believe in a free market economy."
Nice Heritage backgrounder - obviously scanned and full of typos - from 1982 on the necessity of financial deregulation. The S&Ls needed more dereg, not less! Cites Regan approvingly.
<http://www.heritage.org/research/economy/bg174.cfm>
And this is from an obit for Regan: "In 1981, Secretary Regan was elected Chairman of the Depository Institutions Deregulation Committee which was created by Congress to phase out interest rate ceilings on deposits in commercial banks, mutual savings banks, savings and loan associations, and credit unions."