Donald Riegle
death + source
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{{Short description|American politician ( |
{{Short description|American politician (1938–2026)}} |
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{{for|his father, the former mayor of Flint, Michigan|Donald W. Riegle Sr.}} |
{{for|his father, the former mayor of Flint, Michigan|Donald W. Riegle Sr.}} |
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{{Infobox officeholder |
{{Infobox officeholder |
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|successor2 = [[Dale Kildee]] |
|successor2 = [[Dale Kildee]] |
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|birth_name = Donald Wayne Riegle Jr. |
|birth_name = Donald Wayne Riegle Jr. |
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|birth_date = {{birth date |
|birth_date = {{birth date|1938|2|4}} |
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|birth_place = [[Flint, Michigan]], U.S. |
|birth_place = [[Flint, Michigan]], U.S. |
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|death_date = |
|death_date = {{death date and age|2026|4|24|1938|2|4}} |
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|death_place = |
|death_place = [[San Diego, California]], U.S. |
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|party = [[Democratic Party (United States)|Democratic]] (1973–present) [[Republican Party (United States)|Republican]] (before 1973) |
|party = [[Democratic Party (United States)|Democratic]] (1973–present) [[Republican Party (United States)|Republican]] (before 1973) |
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|spouse = {{marriage|Lori Hansen|1978}} |
|spouse = {{marriage|Lori Hansen|1978}} |
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|education = [[Mott Community College]] [[Western Michigan University]] [[University of Michigan, Flint]] ([[Bachelor of Arts|BA]]) [[Michigan State University]] ([[Master of Business Administration|MBA]]) [[Harvard University]] |
|education = [[Mott Community College]] [[Western Michigan University]] [[University of Michigan, Flint]] ([[Bachelor of Arts|BA]]) [[Michigan State University]] ([[Master of Business Administration|MBA]]) [[Harvard University]] |
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}} |
}} |
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| ⚫ | '''Donald Wayne Riegle Jr.''' ({{IPAc-en|'|r|i:|g|@l}} {{Respell|REE|gəl}}; |
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| ⚫ | '''Donald Wayne Riegle Jr.''' ({{IPAc-en|'|r|i:|g|@l}} {{Respell|REE|gəl}}; February 4, 1938 – April 24, 2026) was an American politician, author and businessman from [[Michigan]]. He served for five terms as a [[United States House of Representatives|representative]] and for three terms as a [[United States Senate|senator]] in the [[United States Congress|U.S. Congress]]. |
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Donald Wayne Riegle Jr. was born on February 4, 1938 in [[Flint, Michigan]], to Donald Wayne Riegle Sr., son of John Louis Riegle, owner of the Riegle Press and future mayor of Flint, and Dorothy Grace Riegle. He is a graduate of [[Flint Central High School]]. |
Donald Wayne Riegle Jr. was born on February 4, 1938 in [[Flint, Michigan]], to Donald Wayne Riegle Sr., son of John Louis Riegle, owner of the Riegle Press and future mayor of Flint, and Dorothy Grace Riegle. He is a graduate of [[Flint Central High School]]. |
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In his first action as Chairman of the Senate Banking Committee, Riegle led the efforts to reform the savings and loan industry, which resulted in the Financial Institutions Recovery, Reform, and Enforcement Act of 1989 ("FIRREA").[3] The toughest financial reform bill in 50 years, FIRREA ended the abuses and reformed the savings and loan industry. FIRREA put controls on state-chartered thrifts, stopped excessive risk taking by savings and loans, limited brokered deposits, banned junk bond investments, and set new capital requirements for savings and loans. |
In his first action as Chairman of the Senate Banking Committee, Riegle led the efforts to reform the savings and loan industry, which resulted in the Financial Institutions Recovery, Reform, and Enforcement Act of 1989 ("FIRREA").[3] The toughest financial reform bill in 50 years, FIRREA ended the abuses and reformed the savings and loan industry. FIRREA put controls on state-chartered thrifts, stopped excessive risk taking by savings and loans, limited brokered deposits, banned junk bond investments, and set new capital requirements for savings and loans. |
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==Later life== |
==Later life and death== |
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In 1972, he authored a best-selling book, "O Congress" with Trevor Armbrister. The book provides an inside look at the workings of Congress, Riegle's opposition to the Vietnam War, and his break with the Nixon White House. |
In 1972, he authored a best-selling book, "O Congress" with Trevor Armbrister. The book provides an inside look at the workings of Congress, Riegle's opposition to the Vietnam War, and his break with the Nixon White House. |
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Riegle was one of the [[Keating Five]], a group of senators who in 1989 were accused of improperly intervening in 1987 on behalf of [[Charles Keating]], chairman of the [[Lincoln Savings and Loan Association]], which was the target of a regulatory investigation by the [[Federal Home Loan Bank Board]] (FHLBB). The FHLBB subsequently backed off taking action against Lincoln. Along with other members of the Keating Five, Riegle was never charged with any actual crime in connection with his involvement, but was criticized for having acted improperly. |
Riegle was one of the [[Keating Five]], a group of senators who in 1989 were accused of improperly intervening in 1987 on behalf of [[Charles Keating]], chairman of the [[Lincoln Savings and Loan Association]], which was the target of a regulatory investigation by the [[Federal Home Loan Bank Board]] (FHLBB). The FHLBB subsequently backed off taking action against Lincoln. Along with other members of the Keating Five, Riegle was never charged with any actual crime in connection with his involvement, but was criticized for having acted improperly. |
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He endorsed [[Bernie Sanders]] for the [[United States presidential primary|Democratic nomination]] for [[President of the United States]]{{cite web |title=Colleen M Nelson on Twitter |url=https://twitter.com/ColleenMNelson/status/706627017316429825}} in both [[2016 Democratic Party presidential primaries|2016]] and [[2020 Democratic Party presidential primaries|2020]].{{cite web |title=Sen. Riegle endorses Bernie Sanders for President |website=[[USA Today]] |url=https://www.usatoday.com/story/opinion/2020/03/03/sen-don-riegle-endorses-bernie-sanders-president-democratic-primary-column/4939528002/}} |
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Riegle died from a cardiac arrest at his home in San Diego, on April 24, 2026, at the age of 88.{{cite news |title=Don Riegle, Flint native who served under 7 presidents in Congress, dies at 88 |url=https://www.mlive.com/news/flint/2026/04/don-riegle-flint-native-who-served-under-7-presidents-in-congress-dies-at-88.html |access-date=26 April 2026 |date=26 April 2026}} |
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==See also== |
==See also== |
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==External links== |
==External links== |
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{{CongLinks|congbio=R000249}} |
{{CongLinks|congbio=R000249}} |
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*[http://politicalgraveyard.com/bio/ridge-riggin.html#R9M0JAV4O The Political Graveyard] |
* [http://politicalgraveyard.com/bio/ridge-riggin.html#R9M0JAV4O The Political Graveyard] |
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*{{C-SPAN|997}} |
* {{C-SPAN|997}} |
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{{DEFAULTSORT:Riegle, Donald Wayne Jr.}} |
{{DEFAULTSORT:Riegle, Donald Wayne Jr.}} |
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[[Category:1938 births]] |
[[Category:1938 births]] |
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[[Category:20th-century United States representatives]] |
[[Category:20th-century United States representatives]] |
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[[Category:20th-century United States senators]] |
[[Category:20th-century United States senators]] |
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[[Category:Harvard University faculty]] |
[[Category:Harvard University faculty]] |
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[[Category:IBM employees]] |
[[Category:IBM employees]] |
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[[Category:Members of the United States Congress who became lobbyists]] |
[[Category:Members of the United States Congress who became lobbyists]] |
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[[Category:Methodists from Michigan]] |
[[Category:Methodists from Michigan]] |
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