George D. Gould

George Sumner Bradford Dana Gould (May 22, 1927 – April 26, 2022) was an American financier and banker. Gould was a member of the board of Municipal Assistance Corporation that was constituted during the 1975 New York City fiscal crisis and briefly served as its chairman in 1979. He was the Undersecretary of the Treasury in the late 1980s during the Reagan administration. During this period he oversaw the savings and loan crisis, the aftermath of the 1987 Black Monday stock market crash, and the raising of the country's debt ceiling.

Early life Gould was born in Boston, Massachusetts, on May 22, 1927, He studied at the Phillips Academy in Andover, Massachusetts, and then served in the army in the post-war years between 1945 and 1947. He was discharged as a second lieutenant. During this period, he was also appointed by New York state's governor as the chairman of the state's Housing Finance Agency.

Undersecretary of the Treasury In 1985, Gould was appointed by the then U.S. president, Ronald Reagan, as the Undersecretary of the Treasury. During this period, he oversaw the government's handling of the savings and loan crisis, the aftermath of the 1987 Black Monday stock market crash, and the raising of the country's debt ceiling. As the undersecretary, he also oversaw US domestic banking regulation including the government's unsuccessful bid in the congress to allow commercial banks to underwrite securities.

Later career After stepping down from the treasury, Gould worked with Klingenstein Fields, a fund management firm. He was also a director at the home mortgage funding provider Freddie Mac and was part of the company's corporate governance committee in 2003, when he and other directors were dismissed due to an accounting scam at the company. He was 94 years old.