European Stars and Stripes (Newspaper) - July 24, 1990, Darmstadt, Hesse Today a crossword Page 20the stars and stripes tuesday july 24,1990fdic admits error in Bank Sale new York up a Federal banking official admitted they erred m allowing a businessman with a history of Legal and regulator s problems to Puy an insolvent Oklahoma Bank it a fire Sale Price with lobbying help from a former aide to president Bush a published report said sunday. The businessman James fail 64, of Phoenix paid $500,000 for the Bank that official said could have fetched from $2 million to $6 million the new York times reported. The Oklahoma Deal is the latest disclosure concerning fail who is under investigation by a Senate subcommittee staying How he acquired 15 insolvent savings and Loans using $70 million in borrowed Money a incl a personal investment of Only $ 1,000. The times reported that previously undisclosed details of the Deal with the Noblr defunct Federal Home loan Banc Board showed that fail and hit lobbyist Robert Thompson received unusually Swift and favourable treatment from another regulatory Agency the Federal Deposit insurance corp. Thompson was a Campaign aide to Bush in 198 1 and served As a legislative aide Wen Bush was vice president. Federal officious were unaware of or ignored the objections of local regulators who thought fails Legal problems should disqualify him As a suitable buyer . Temperatures fail was indicted in 1976 in Alabama on charges of securities fraud. The charges Werp dropped arid fail agreed not to conduct new business there. In the same Case his insurance company pleaded guilty to securities fraud a felony. Fail did not disclose his indictment but did mention the guilty plea by his company one Day before the Odic specifically Ever been indicted nce Morgan a spokesman for fail and Thompson said Thompson arranged a january 1987 meeting Between fair and Odic head l. William Siemian. Edwin Locke an associate of fail said Thompson played a key role in moving the process along without the Standard forms. European weather temperatures i Kim sunday ads i a Amster aim p Athens p. A Lane i Berlin p Bremer Niven Brussels i 4am 4pm a 77 s3 Coper Hisgen 57 64 Frankfurt f 78 64 London f 6s 91 Madrid p 54 72 Munich f 60 64 Piria f 61 73 Roma f 4am 4pm 55 66 66 77 61 73 71 85 57 61 73 90 70 62 a prov dad try dal 13,2nd weaker Wing Graben Trarbach. Othar worldwide temperatures Cairo t Dublin f Helsinki f Jerusalem f Lisbon t High Low 93 72 he Low Montreal c 66 46 Muse of c 68 70 55 Ohio c 72 66 66 Toronto e 79 91 68 Vancouver i 77 a supplied by the associated Pratt a Doudy a partly Cloudy mar july 21 senior Odic officials acknowledged they should not have approved fail so quickly. Seidman said in an interview that the Agency should have deferred action or chosen a second bidder. A a we did no to stick strictly to the rules he slipped through a Seid Man said. Quot he duped us. Ohio democratic sen. Howard Metzenbaum who is leading the Senate inquiry called the deaf Quot the wont Case to emerge from the Sav Ings and loan scandal critics of the Federal Home loan Bank Board which supervised the savings Industry have said political manipulation was commonplace there while the Odic which oversees commercial banking has a reputation for integrity and sound financial judgment. Thai government wins no Confidence vote Bangkok Thailand up a the thai government aided by an opposition Boycott easily survived a vote on a no Confidence motion saturday but weak responses to charges of corruption and incompetence by some ministers boosted chances for a Cabinet reshuffling. The six party coalition government of prime minister Chatrchai Choo Shavan won the vote 220 to 38, As four opposition parties boycotted polling to protest the House speakers failure to control a government minister. Hilo Hilo Hilo Hilo Hilo Abilene Texas 91 74 Chattanooga a 90 70 fort 98 70 Little 94 73 Pittsburgh 78 64 Akron Canton 80 64 Cheyenne 55 44 fort 88 82 lot angelas cd 87 70 Pocatello of 65 48 Albany or 87 62 Chicago 82 83 106 74 Louisville a 86 70 Portland Maine 88 62 Albuquerque a 92 64 Cincinnati e 62 88 70 53 Lubbock 92 64 Portland,ore., c 99 65 Allentown 63 67 78 85. 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