They vividly remember the Senate's passage of a deregulatory measure in 1984 that Mr. St Germain refused to consider.
He also worked to thwart the effects of the Fields-Markey bill, a deregulatory measure that would have repealed many existing investor protections.
He also said that deregulatory measures passed by Congress in 1982 had contributed to the crisis.
However the USDA did not issue interim deregulatory measures, instead focusing on completing the EIS.
Necessary regulation in that form has been overcome by recent deregulatory measures.
The same is true of red tape: deregulatory measures have been overwhelmed by new directives from Brussels.
Any such deregulatory or stimulatory measures would also help reduce Japan's trade surplus with the United States and the rest of the world.
Examples of deregulatory measures include:
This position is seen as leading Mr. Breeden to advocate more deregulatory measures in the nation's capital markets.
In 1986, when oil hit $8 a barrel, Indonesia devalued its currency and began a series of deregulatory measures to attract foreign investment, especially in manufacturing.