kThe Battalion
STATE & LOCAL
;■
fficials react to resignation of U.S. thrift
DALLAS (AP) — M. Danny Wall’s resig
nation Monday as the nation’s chief thrift
regulator came as no surprise in Texas,
where many of the industry’s problems
have been centered.
Politicians and industry officials said they
believed Wall had become a symbol of the
industry’s failings and, as such, had to be
replaced as head of the Office of Thrift Su
pervision.
Wall left with harsh words for Rep.
Henry B. Gonzalez, D-Texas, who as chair
man of the House Banking Committee had
severely criticized Wall for his handling of
Lincoln Savings & Loan Association in Cali
fornia.
Critics have suggested W^ll kept Lincoln
open because of political pressure from five
senators who received campaign contribu-
Wall’s departure no surprise to banking industry
tions from thrift owner Charles Keating.
In his letter of resignation to President
Bush, Wall complained of a “steady stream
of one-sided information” from congressio
nal hearings concerning the collapse of Lin
coln,'which will require an estimated $2.5
billion federal bailout, the industry’s most
expensive.
He said Gonzalez “resorted to corruption
of the truth and abandonment of our his
torical devotion to fair play and due process
in his effort to remove me from office.”
Gonzalez said in a statement, “I know this
was a difficult decision, but I commend him
for taking the action so that the air may be
cleared, and we may move forward in deal
ing with the savings and loan crisis.” He
made no mention of Wall’s accusations.
Gonzalez said Wall had “done the best
thing for himself and the federal regulatory
system . . . The savings and loan disaster has
been extremely costly in terms of dollars
and public confidence. It was essential that
there be new leadership.”
Rep. Steve Bartlett, R-Texas, who also
serves on the banking committee, said,
“Danny Wall was part of the solution, not
part of the problem.”
But Bartlett added, “I think (the resigna
tion) was inevitable. That’s not to say it was
fair.
“I think Danny Wall would have been,
even without Lincoln, a controversial per
son because he was solving problems,” Bart
lett said. But he acknowledged it was Wall’s
slowness in closing down Lincoln that was
the catalyst for the current wave of crit
icism.
Bartlett said, however,“He (Wall) left the
savings and loan industry stronger than
when he came in.”
Wall was chairman of the Federal Home
Loan Bank Board from July 1987 until last
August, when its function as the federal
regulator of the savings and loan industry
was transferred to the new Office of Thrift
Supervision, which replaced the bank
board as the regulator of thrifts.
Wall set no firm date for his departure,
saying he would stay on for a transition pe
riod. He said he was looking forward to a
3
Tuesday, December 5,1989
regulator
job out of government but had no specific
position in mind.
The Texas thrift landscape is much
changed from Wall’s Southwest Plan, de
vised last year to bring new capital into the
industry.
The mergers, designed to take advantage
of tax laws before they expired on Dec. 31,
1988, have been criticized by some who
complain the deals were too expensive.
Under the plan, steel companies, home
builders, investors and other non-tradi-
tional thrift owners bought up groups of in
solvent institutions and packaged them into
new entities.
James L. Pledger, commissioner of the
Savings and Loan Department of Texas,
said, “Danny Wall had the toughest job in
government because of. . . the problems.”
Regents
authorize
art work
Future acquisitions
will enhance buildings
By Todd L. Connelley
Of The Battalion Staff
The Texas A&M Board of Re
gents approved a program Monday
to enhance the aesthetic quality of
future buildings on campus.
Under the program, blueprints
for buildings will include design
specifications for art work as well as
building construction.
The regents unanimously
adopted the program that autho
rizes funding of art acquisitions as
presented by A&M President Wil
liam Mobley.
Mobley said he was in favor of the
proposal because of a growing inter
est in the fine arts at A&M.
In accordance with a state pur
chasing act, 1 percent of building
construction costs can be used for
fine arts projects at or near the con
struction site. Using this act as an
umbrella, the Board can appropriate
the proper funds to be used for
paintings, sculptures 0 and other
works of art.
According to the program, these
appropriations will be made on a
project-by-project basis and are lim
ited to construction projects esti
mated to cost more than $250,000.
“We’ve got the procedure well un
derway,” Mobley said. “We are
looking over possible sights on the
campus.”
Mobley said any art that might be
displayed on campus must be ap
proved by the President’s Visual
Arts Coordinating Committee, the
Visual Arts Commission and the
Board of Regents Committee on
Art.
A little to the left
Photo by Debbie Travis
Steve Smith, Dennis Wittry and Will Cross, all sophomores, fin- orology Building Monday afternoon. Since exams begin Friday,
ish a plane survey project outside the Oceanography and Mete- many students are wrapping up semester projects.
Committee
examines
tradition
Regents aim to ensure
future of bonfire
By Andrea Warrenburg
Of The Battalion Staff
A three-member committee cre
ated to study problems and concerns
associated with Aggie bonfire was
appointed Monday by Texas A&M
Board of Regents Chairman William
A. McKenzie.
Regent Ross Margraves will lead a
committee also consisting of Board
members Raul Fernandez and Bill
Clayton.
McKenzie said he appointed the
committee to look into concerns that
have been raised about bonfire.
“Bonfire is a long-standing tradi
tion on the campus that those of us
around the table wish to see contin
ued,” McKenzie said. “Yet there has
been and will continue to be con
cerns for the safety of people and
property and particularly the wel
fare of the student body.”
McKenzie asked the committee to
work with the A&M administration
and the bonfire advisory committee
on the following Issues concerning
bonfire: location, safety, sobriety,
the impact on student welfare, con
duct of students during planning
and construction phases as well as
the conduct of the general public
bonfire night, and statements re
garding this tradition to be made
through the administration as well as
by others.
“I am appointing a committee to
ensure bonfire will continue and be
a safe, sane, sober and orderly activ
ity to assure future bonfires,” McK
enzie said. “Bonfire is a tradition
that Texas A&M University is proud
of, and we wish to see it preserved.”
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CALL PAULL RESEARCH INTERNATIONAL
776-0400
MEET OUR STAFF
OBSTETRICS/GYNECOLOGY
Obstetrics is that branch of medicine dealing with
pregnancy and its complications. Gynecology is con
cerned with medical and surgical diseases of the female
reproductive tract. Together they 1 provide comprehensive
health care for females.
Sally Miller, R.N.C.
Sally Miller. R.N.C. has been a
nurse practitioner for 12 years,
specializing in women’s health
care. Ms. Miller received her
Bachelor of Science in Nursing
from the University of Texas
School of Nursing in Galveston
and was named “Outstanding
Senior Student.” She graduated
from Texas A&M University with
a Masters in Allied Health Educa
tion and completed nurse prac
titioner training in 1976 through
Planned Parenthood of Houston
and Southeast Texas.
She has distinguished herself in
the Bryan/College Station area as
Director of Planned Parenthood of
Brazos County from 1977 to 1988
and was named employee of the
year In 1987. She was also named
“Nurse of the Year” by the Texas
Nurses Association, District 30, in
1987. She has lectured widely in
the community on the subject of
veneral disease, family planning,
and teen pregnancy In addition
she has conducted scientific re
search and has written articles for
several journals in conjunction
with Texas A&M University Col
lege of Medicine.
Ms. Miller is a member of the
Texas Nurses Association, the Na
tional Association of Nurse Prac
titioners in Family Planning, the
Texas Nurse Practioners and the
American Cancer Society.
SCOTT&WHITE
CLINIC, COLIEGE STATION
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College Station, Texas
268-3322
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340 Jersey 901 Harvey
JlL Alpha Kappa Psi
Wishes to congratulate the
following graduating seniors
Bret Baccus
Belinda Perales
Mike Fulton
Carl Ogden
David Rodriquez
Kasey Mayfield
Ann Rial
Mindy Schmidt
Kevin Wofford
Bret Eckert
Brad Rapp
Carl Macero
Greg Daily
Danny Duffy
Phillip Howard
Toni Webb