i
Page 1 O
The Bat-talion
Wednesday, November?, 1990
Nerd House
by Tom A. Madison
f-/ex.BEKT is informea nAT ms per hamster, Chester,
is OUT of water.
Earthquake
in southern Iran
injures 100
RESTON, Va. (AP) — A major
earthquake struck a mountainous
area in southern Iran on Tuesday
night, the U.S. Geological Survey
said. One preliminary report in
dicated there were about 100 cas
ualties in 20 seriously damaged
villages.
The survey’s earthquake-mon
itoring facility in Golden, Colo.,
said the quake tentatively regis
tered 7.0 on the open-ended
Richter scale.
Spokeswoman Rebecca Phipps
said that the epicenter was about
550 miles south of Tehran and
that the quake struck about 12:46
p.m. GST.
Early reports from the region
told of 100 casualties — dead and
injured — counted an hour after
the quake struck, said Alirez Ja-
farzadeh, the Washington, D.C.-
based spokesman for The Peo
ple’s Mujahedeen of Iran.
The Mujahedeen seeks to over
throw the Tehran regime.
FDIC sues defunct S&Ls
for real estate transactions
AUSTIN (AP) — The Federal Deposit Insurance
Corp. has sued the owners of two defunct Austin sav
ings institutions, claiming the thrifts were involved in
fraudulent real estate transactions.
A law firm that represented Franklin Savings and
CreditBanc Savings also is being sued by federal regula
tors, who contend the lawyers helped the thrifts break
the law.
The lawsuit, filed in federal court in Austin last week,
seeks at least $149 million in damages from Cleveland-
based Jones, Day, Reavis & Pogue, the nation’s second-
largest law firm, and the five owners of the two failed
thrifts.
The FDIC alleges that Franklin, CreditBanc and
their owners were involved in an elaborate chain of
sham transactions to bolster the financial standing of
the institutions and allow them to pay dividends to
shareholders.
The thrift owners named in the lawsuit were: J. Scott
Mann, who owned CreditBanc; and William Moore,
Peter Gallaher, Clifford Alsup and Charles Chris
tensen, former owners of Franklin Savings from 1983
to 1988.
The lawsuit also names Carey Brennan, the Jones,
Day lawyer who first represented Franklin and Cred
itBanc and later became chief executive officer of Cred
itBanc.
Those transactions, the lawsuit claims, included im
proper real estate sales to companies owned by Dallas
oper Louis Reese and a compam
owned by Austin developer Ben Barnes, former lieu
tenant governor of Texas.
Reese, Barnes and Barnes’ partner, former Texa!
Gov. John Connally, were involved in a series of inter
linking transactions in late 1985 that the lawsuit refen
to as “the Christmas transactions” because they wert
concluded shortly before the holiday.
None of the three was named as a defendant in tht
lawsuit.
Franklin and CreditBanc were closed by regulators
and merged with a third institution in September 198S
to form Franklin Federal Bancorp, which operates un
der new ownership.
The lawsuit claims that Brennan acted with the own
ers of the thrifts to set up the fraudulent transactions it
1984, 1985 and 1986. In addition, it claims that Jones
Day committed professional negligence by allowingth
transactions and by cooperating with Brennan andthr
thrift owners to breach their fiduciary duties to the
stitutions.
Richard Pogue, managing partner of the massive
Jones, Day firm, which has 1,200 lawyers working in
U.S. and international offices, said his firm disputestht
allegations of the lawsuit “and we intend to comes:
them vigorously.”
“The government is bringing a series of lawsuit
against law firms and we got caught up in tk
movement,” Pogue said.
General
Class
Meetings
TONIGHT
Rudder
’91 308
'92 601
'93 MSC
206
Polls. Continued from page
Irnocjinc? ci* |31 c« ri n g t It o very tree* r t of c rri p> »j s life i ri vivid color
os tire fTiilsitTQ sp>irit niTd troditioos of Texc»s A&IVl
Beeler said people voting by affida
vit were not upset for the most part.
About 40 people voted by affidavit
in Precinct 35.
r»nd its stodeiTts ore fc> r o cj cj Li t to life.
Most people signed the affidavit
with no problem after the situation
was explained to them, he said. Only
one person decided not to vote by af
fidavit.
Students voting by affidavit could
face perjury charges if probli
arise with legality of the affidavit!
Although election officials wen
concerned the possibility of signin
affidavits might hinder voter tun
out, almost 50 percent of voters ret
istered in Brazos County turnedot
for the election.
Of the 70,628 registered votersi
Brazos County, 33,807 —ord/pe:
cent — cast ballots.
lyKATHER
Of The Batta
One expf
campaigning
provements
vision comn
political scii
Wednesday <
ical Forum-s
Dr. Patri<
ciate profes
ence, says
duction tool
years ago th;
‘It is not
produce ad:
the oppos
enough tirm
ad to defenc
aid.
“The M<
Campaigns:
| was the till
cussion led
political ana
The rour
cused on t
Texas politi
I the media
paigning af
of candidate
Hurley a
I assistant pr<
Affidavits.
Continued from page 1
The Heartbeat of Aggieland
that Lewis accused Gerald “Buddy”
Winn, Brazos County voter registrar
and a Democrat, of hindering about
1,800 Aggies’ votes by not contacting
students and asking them in which
county they intended to vote.
But House Bill 1563 states voter
registrars have two days to send ap
plications with a different county
listed as the permanent address to
that other county. The bill also pro
hibits voter registrars from’ trying to
guess the person’s intent if they
listed another county.
McGuire said although Lewis
knew four weeks ago there was a
problem with a large number of stu
dents’ voter registration cards, he
failed to do anything about the situa
tion.
McGuire said Lewis “conveniently
waited to tell students of the possible
problem until it was too late" for®
dents to make other voting ami*
ments.
Had students known of poten
problems, they could have madeaij
rangements to go home to vote
vote absentee by mail.
“They had plenty of time tolettl
students know and they didn’t doit
McGuire said.
Ty Clevenger, Texas A&M sti
dent body president, was “appalled:
at the problem with student registry
tion cards and the marking of bij
lots.
He said he will be in contact wii
the Texas secretary of state to it:
him about the confusion.
“The people responsible forth
can rest assured they will hear fro:
me,” Clevenger said.
Williams
Continued from page 1
Be £i p>cirt of tire vision fc»y ordering your 1990 - 91 vide*
yeirrfcwooK. Clroose fee ofrtion during registrati
Kenyon, however, said Williams’
Spanish-language radio advertise
ments angered Republicans who fa
vor an amendment to the state con
stitution making English the official
language.
Kenyon said one good thing about
Williams is he has been successful in
many endeavors and brings a sense
of equilibrium to politics — he knows
what’s important and what isn’t.
“He’s been under enormous stress
in his lifetime,” Kenyon said. “Clay
ton’s been $500 million in debt when
oil went from $30 to $10 a barrel
and seen a son through drug addic
tion. He’s a strong person.”
Williams said he always will
grateful for his supporters’ faith 1
him.
“I don’t know what the futtii
holds for Clayton Williams, but
hope I can be of service to our Rtfl
publican Party.
The defeated candidate said k
has no plans to seek the governor
office in 1994 or later.
“I may be an Aggie, but I’m
stupid,” Williams said.
Kenyon said that of the estimate
$20 million spent for Williams’cart
>aign, the Republican spent aboi
SH
Ivd®
\
* -V
$ .10 million of his own money.
Eric Ob
search
STRAIGHT FROM THE TOP
Me
By TROY D.
)f The Batta
MSC MBA/LAW SYMPOSIUM
Saturday, November 10 from 8 AM to 5 PM in MSC 203
Tickets $5, $8 at the door
Advice from Successful Former Students
McDonah
folks and fu
forget to m
commitmen
In a reo
fast food g
packaging f
no longer w
old Americc
The McE
Including:
President of the Texas Bar Association
Former CEO of Dell Computer Corporation
Senior Partners of Law Firms
Current Students in Business and Law
11 MBAlL AWll
rE COMMITTEE X
For more information call 845-1515
JJL
’hr
a program \
packaging f
at the end c
Jones, con
resentative
and opera
rants.
McDonal
served in
packaging.
“Phase o
percent of
says. The c
packaging
breakfast p
Big Breakf;
“One ma
McDonald’
mentalists
of solid was
Lot