European Stars And Stripes (Newspaper) - June 4, 1987, Darmstadt, Hesse                                Thursday. June 4. 1987 the stars and stripes Page 7 Bankers Hope Greenspan will loosen rules fed chairman designate Alan Greenspan disabled girl gets diploma with class Canton Ohio a wheelchair bound High school senior who received her diploma with the rest of her class tuesday said her trip to the auditorium stage was a Victory for herself and other disabled students. Holly Reusser 18, had been told she would receive her diploma on he floor of the Canton memorial civic Center auditorium while her Canton Mckinley High school classmates walked up stairs far presentations on the stage Russ or of Massillon attended the school s program for Orth pc Mically handicapped students. Born with Spina Bifid she is paralysed from the Waist Down. Principal Fred Blosser ruled against an on stage presentation for Reusser after deciding there were too Many obstacles in a passageway to he stage from a backstage ramp. Blosser said he reversed his decision monday after a second visit to the auditorium showed the obstacles had in removed. The Visil was prompted by a. Call from a lawyer on Scusser s behalf. The principal said he thought re user and her to incr had accepted his original decision Al though they did not agree with it. Blosser said the floor level presentation had been used in the past for students in wheelchairs. He said another student among lie 414 graduates is in a wheelchair because of injuries from a motor Cycle Accident and that student had opted to remain on the auditorium floor for her diploma presen tation. The Russ cars however contacted Ohio Legal rights services of Columbus an advocacy group for the disabled. Blosser said a lawyer from the organization contacted him Friday and said the Reuters were considering Legal a new York Ai Many . Bankers Praise Paul Volcker s performance As fed chairman but they also Hope his successor wiil do Marc to loosen regulatory restraints thai Many Banks regard of oujda cd and anti competitive. Bankers and Industry observers said tuesday thai Alan Greenspan s reputation As a free Market advocate As opposed to Volcker s relatively conservative stance on deregulation made him More Likely to favor the sweeping changes proposed by the nation s biggest Banks. I think you re replacing a person whose primary concern was the safety and soundness of the financial system. With someone who is very much a free mar Ket academic said Ken Guenther executive vice president of the Independent Bankers association of America whose members Are primarily Small Banks. Many Bankers added to the wave of plaudits heaped on Volcker following tuesday s announcement he would Nul return As chairman of the Federal Reserve when his term expires aug. 6 and that Greenspan had been nominated to succeed him. Volcker s ensure As chairman of Ilsc fed which regulates Bank holding companies and some stale chartered Banks covered one of the most tumultuous eras in . Ban King history. The fed s tight monetary policy of the Early 1980s, aimed at halting inflation pushed interest rates to re Cord Heights battering Many Thrift institutions that were holding big portfolios of Long term Low interest Home mortgages. Volcker s term also included the near failure of Continental Illinois National Bank in 1984, the continued Dis mantling by states of barriers to interstate banking a Sharp Rise in Bank failures due to he depressions in the nation s farm and Energy Bells and increased pressure from major Banks for removal of depression Era prohibitions on securities underwriting and other Powers. In addition Mexico nearly defaulted on its foreign debts in 1982, sparking a crisis among Banks holding billions of dollars in Loans to developing nations. In the history of the Federal Reserve Paul Volcker has been one of its greatest chairmen said Thomas Labreque president of Chase Manhattan corp. Although banking deregulation proceeded during Volcker s tenure he opposed the removal of barriers separating banking and Commerce which he deemed necessary to uphold the safely and soundness of the banking system. Major Banks have been agitating for the easing of tic Glass sic Agall act which prohibits them from underwriting Stock sales and engaging in certain other activities thought too risky for Banks. At the same time the Banks have clamoured for the closing of a Legal loophole that allows non banking companies to form limited service Banks which can perform some banking functions while engaging in the activities prohibited for them. Volcker urged Congress to Reform banking Laws to let Banks engage in a limited amount of securities underwriting while supporting closure of the loophole last month the fed approved limited securities underwriting Powers for seven major Banks but Volcker cast a dissenting vote in each of two fed decisions on the requests. Teen Ager s flight to Moscow Cessna reaping Welcome publicity up photo teen age Pilot Mallila rust in red Square top Phalo after Landing Cessna 171. Wichita Kan. Up the exploits of a Young German Pilot who flew a Cessna 172 sky awl from Finland to Moscow has created Welcome publicity for Cessna aircraft co. And one of its Inos popular air planes a company spokesman said tuesday. It s refreshing Dean Humphrey said of pictures showing the smiling teen Ager signing autographs beside his plane in red Square. Mathias rust l9, a German flew from Helsinki to Moscow last thursday Landing the modified single engine sky Hawk in red Square after buzzing Lenin s Tomb. Humphrey said rust was the second person in a week to make International headlines in a Cessna. Earlier Brig. Gen. Rafael Del Pino Diaz a High ranking cuban military offi cer flew his family to Florida in a twin engine Cessna 402 10 defect to the unil cd slates. Cessna planes Are in the news at a Lime when the aircraft Manura Ciurar has if Pora Rily shut Down production of All Pis ton engine air planes because of a slump in sales. The company does not plan to resume production until mid-1988. Humphrey said pictures of the Cessna skyhawk piloted by rust show it was modified with the addition of Long Range fuel tanks that allowed rust to Fly into Moscow at the end of a we Klong Odys sey that included stops in Greenland and other places throughout the Northern at lactic. It was not a daring feat for the air plane although it certainly was in penetrating the russian air defense system he said. Humphrey said he does not expect the soviets to release the aircraft after Deal ing with rust. The incident has provoked some predictable humor. One Chicago newspaper cartoonist told Cessna he is preparing a sketch comparing the stealth capabilities of the multimillion Dollar by bomber to the skyhawk which costs $53.000. German officials said tuesday they believe rust May be held for several months in prison before the soviet Union makes a decision on his Fate. The official said the Fate of the 19-year old Pilot is not known to the German government