European Stars and Stripes (Newspaper) - November 30, 1992, Darmstadt, Hesse Page 4 the stars and stripes . Monday november 30, 1992 Thrift owner had dealings with senator on key panel new York apr sen. Phil Gramm helped a troubled Texas Thrift operator Deal with regulators after the businessman picked up More than $50,000 Worth of building expenses on Granims Home the new York t Imes reported sunday. The owners three savings and Loans collapsed in 1989, and their bailout will Cost taxpayers an estimated $200 million Federal regulators said. Gramm a Texas Republican is a member of the Senate banking committee which is overseeing the cleanup of the nation s savings and loan scandal. The collapse of several once prominent savings and Loans has Cost taxpayers billions of dollars. The Dallas businessman Jerry d. Stiles was a prominent Developer when he took on a building project for Gramm and his wife in 1987 after they bought 35 acres of property on Maryland a Eastern Shore the times said. The couple needed a contractor to finish construction on the Shell of a two Story vacation House the newspaper said. Stiles flew a Crew of workers from Texas to Maryland where they finished the vacation Home the newspaper also put up $117,000 for labor materials and travel expenses to Complete the Job then asked Gramm to pay Only $63,000, which was the maximum amount the senator said he was willing to pay the times reported. Neither Stiles nor Gramm could immediately be reached for comment. A i do not believe for a minute that the work on my House was Worth More than 1 paid for it a Gramm told the times. He also said Stiles had not. Told him the Cost was nearly twice the amount he paid. Both Gramm and Stiles described the extra expenses As a Cost overrun the Developer had assumed voluntarily. After the Fri investigated the relationship Between Gramm and Stiles Gramm wrote a Check for the balance of the Money Gramm plus interest the times said. But when the Senate select committee on ethics cleared Gramm of wrongdoing he kept the Money the paper reported. Stiles had bought the hallmark savings and loan association of Plano Texas in 1984. By 1989, regulators determined that institution and two other thrifts he owned were insolvent and overwhelmed with bad Loans. According to the times Stiles wrote to Gramm and visited him in his Washington office and Gramm advised him on Federal rules that would determine which savings and Loans would be allowed to remain open. Picking up the pieces volunteers work Friday at the site of the Church of the living god on the Northeast Side of Indianapolis. The Church was destroyed by a Tornado nov. 22. Nearly 1,000 people turned out to help clean up the damage. Procrastinators delay Holiday of course new York apr once again world procrastinator s Day Lias arrived bringing Joy and. What a that it was Friday Well no big Deal. That a the great things about celebrating the Post thanksgiving Holiday a you can do it whenever of want. Or not do it at All. Quot on this Dale we plan to Honor procrastinators everywhere a said Waas president of the pro Crasti patois club of America. How by doing nothing of course. No Turkey no cooking no cleaning. No Uncle Elroy and aunt Verna stopping by for a visit. In Short a True Holiday. In keeping with the lifestyle of procrastinators the Pul it Olf crowd had nothing to do with creating the Holiday honouring inertia. It was the brainchild of Calendar publisher Glen ii Olofsky who Felt there was a need to spotlight the apathetic. Quot you a not Moth to Dav. You a cot eath i s you be got Secretary a Day. There seven Bossy Day a nobody even likes those Guys Quot Bolofsky said. But Why Honor the procrastinator a in our own quiet determined Way we consistently put off actions that would otherwise Strain the worlds already overtaxed Energy resources a Waas said. Eor example you wont find a procrastinator killing a rain Forest by taking Long automobile trips that pollute the air or wasting paper writing lengthy letters to friends. Eor Bolofsky there is a financial interest in the procrastinator his company . Carroll publishing has unveiled its 1993 procrastinator s Calendar. Ilis marketing strategy Quot we Hope the persons thing with the procrastinator will buy the he had better Hope so because Waas has a Dit Lerent suggestion dust of that s7 Model you never got around to opening. Alter All the lunar Calendar repeats serv sewn ears so it s still with secret payload lifts off from Vandenberg from wire reports Vandenberg fab Calif. A a Titan 4 rocket carrying a secret government payload was launched saturday from this Central coast base officials said. The rocket took off at 1 34 . From space launch Complex-4 East said a statement from Martin Marietta which builds the Titan 4. It was the sixth Titan 4 launch since 1989 and the third from Vandenberg. Three others have been launched from Cape canaveral in Florida. The Titan 4 is built at Martin Marietta astronautics groups launch systems in Denver and is used primarily to launch secret government s Landing gear fails los Angeles a a jetliners Landing gear collapsed As it rolled Down a runway toward Takeoff with 150 passengers aboard saturday but the Pilot brought the plane to a Slop and no one was injured officials said. The plane skidded nose first some 200 feet before coming to a Stop. The Mexicana airlines Airbus a320 remained on a runaway at los Angeles International Airport after the incident. The passengers were bused Back to a terminal said Tommy Aina a duty officer for the Federal aviation administration in los Angeles. The plane was headed to Mexico City said Mexicana spokesman Sergio Puche in los Angeles. He said the airline had no further information. The Faa and the National transportation safety Board Are investigating Aina said. City fire spokesman Mike Little said two of the planets front wheels came off forcing the aircraft to pitch Over onto its nose. The Plant came to a Stop on the official sentenced Denver a the former Owmer of failed Silverado savings amp loan was sentenced to six months in prison for illegally diverting $100 00 in Silverado Money. . District court Jim Carrigan sentenced Vav. James Metz to two years Friday but suspended 18 months of the sentence. Carrigan said he would recommend that Metz serve the remaining six months in a minimum occur ii prison Camp near his Home. Metz the first executive convicted in the thrifts $1 billion collapse had faced a maximum penalty of five years in prison. 1 be escaped a More severe sentence by pleading guilty and agreeing to cooperate with prosecutors. Metz is expected to be a key witness against Silverado a former chairman Michael Wise when he goes to trial feb 1. Wise was indicted on multiple charges of illegally diverting $500,000 in Silverado Money to refurbish his mansion and pay off the mortgage on another luxury Home exec helps end Bank heist Quincy 111. A a Bank executive who faked a heart condition during a robbery was praised by police saturday for using Quick thinking to help end a six hour hostage standoff that took place after one person was killed. Louis Mcclelland said the ordeal began monday when a Man in a ski mask entered town amp country Bank waving a Shotgun. Police said the robber killed a bystander minutes later and took nine people hostage. None of the hostages was Hurt police said saturday. Mcclelland the Bank a executive vice president tried to convince the gunman that if he gave himself up together they could sell the movie rights to the Story and achieve Fame and Fortune things he said the Man seemed to want. Mcclelland told the gunman he had an attorney Friend who could help. Quot he told me head watched the movie Point break 20-some times in the Days before the Holdup a Mcclelland said. A the asked me if i thought the robbery would make the Mcclelland said he faked a heart condition and told the gunman that no one would help make a movie if Mcclelland dropped dead. After nearly six hours the Man gave up and walked out of the West Central Illinois Bank where he was surrounded by officers and disarmed. A id d. Cousins 22, was arrested on Bank robbery charges. Police would net disclose whether they planned to seek a murder charge against cousins
