Providence, Rhode Island , United States
|| January 19, 1920
|Died||July 21, 2011
|Last Modifed||Mr. Matt|
Jul 22, 2011 09:44am
Divorced - Married - Judaism -
|Info||The Honorable Bruce Sundlun was elected as Rhode Island's Governor in 1990 and served until 1995. He is currently Governor-in-Residence at the University of Rhode Island, where he teaches courses in political science at both the Kingston campus and the College of Continuing Education in Providence. He has had a distinguished military career, beginning as a Captain in the US Army Air Corps during World War II flying bombers over Germany and retiring as a Colonel from the US Air Force Reserve in 1980. With a BA from Williams College and an LLB from Harvard Law School, Governor Sundlun was an attorney for the federal government and in private practice. He has also held many executive-level positions in business and served on numerous governmental advisory commissions and community or philanthropic boards. |
Earned his bachelor's degree from Williams College in 1946, and a law degree from Harvard Law School in 1949. He was a captain in the U.S. Army Air Corps 1942-1945 and retired as a colonel in the U.S. Air Force Reserve in 1980. He was awarded the Distinguished Flying Cross, the Air Medal with Cluster, the Purple Heart, Chavalier, Legion l'Honneur (France), and the Prime Minister's Medal (Israel). He served as an assistant U.S. attorney1949-1951 and special assistant to the U.S. attorney general in the Civil Division 1951-1954. He was in private practice 1954-1976 in Washington, D.C., and Providence. He was president of Outlet Communications in from 1976-1984 and served as its chair in 1984-1988. He was a delegate to the Rhode Island Constitutional Convention in 1986 and a member of the Providence School Board 1984-1990. He was a delegate to the Democratic National Convention 1964, 1968, 1980, 1988, and 1992. He was elected governor in November 1990. In 1991, perhaps the most shocking and damaging event of its kind in the history of the state occurred: the failure of the organization that insured the state' chartered credit unions, the Rhode Island Share and Deposit Indemnity Corporation (RISDIC). He had hardly finished taking the oath of office, when it became apparent that a banking disaster was imminent. He issued an executive order closing all institutions which RISDIC had insured. The rest of the year was consumed with efforts to craft legislation to deal with the fallout of this crisis. More and more information came out implicating credit union and RISDIC officials in the collapse. Thousands of account holders were demanding their money. Eventually, legislation was framed and signed by the governor that set up the Depositors Economic Protection Corporation (DEPCO) to take over the assets of the failed credit unions and to use the available proceeds, plus borrowed state money, to make the depositors whole.