Commission says: abolish thrifts; action seen as unlikely

Article Abstract:

A national commission investigating ways to prevent another savings and loan disaster has recommended that federal deposit insurance be drastically modified and the thrift industry be abolished. The commission concluded the savings and loan fiasco was due only in part to criminal fraud. The fiasco's main causes were that Congress and regulators encouraged vastly increased business, hoping the thrifts would outgrow problems they were mired in by 1982, and counting on federal deposit insurance to rescue high-risk ventures.

Analysis, Financial services industry, Financial services, Powers and duties, United States. Federal Deposit Insurance Corp., Savings and Loan Associations Bailout Crisis, 1987-

---

Now spotted owl flies to pro-business Congress; the Supreme Court says previous lawmakers intended to prohibit all harm of species "whether intentional or not."

Article Abstract:

The Supreme Court's June 29, 1995, decision upholding federal authority to regulate development so as to protect wildlife invigorated those on each side of the debate. Foes of the Endangered Species Act say the newly conservative Congress will react to Babbitt v Sweet Home Chapter of Communities for a Great Oregon by drastically revising the law. Supporters say the government's victory in the case is a signal to Congress meaning the law may be modified but will not be scrapped. The court split 6-3 in its decision.

Political aspects, Endangered species, Spotted owl, Spotted owls

---

Will aerospace merger put squeeze on firms? Short-run prospects are good for legal work; minimum layoffs seen

Article Abstract:

The merger of Boeing and McDonnell Douglas will probably replicate the industry-wide reduction in legal work, though only in the long term. Boeing has 63 in-house lawyers and relies on Seattle's Perkins Coie and Washington, DC's Covington & Burling, while McDonnell has 53 in-house attorneys and uses Bryan Cave and the St Louis office of Sonnenschein Nath & Rosenthal. The Defense Dept is revamping acquisitions to reduce competition and legal challenges in an effort to stretch reduced funds farther.

Mergers, acquisitions and divestments, Aerospace industry, Boeing Co., BA, McDonnell Douglas Corp., MD

Similar abstracts:

• Abstracts: A popular AG is lesson in image; as lawyers suffer a decline in polls, Janet Reno and ABA leaders offer strategy
• Abstracts: Juries place less value on homemakers; wrongful-death awards are higher for 'working' wives
• Abstracts: Compulsory acquisition under Pt. 6A.2 and its implications for minority shareholders. (Australian competition policy.) (Editorial)
• Abstracts: Bone screw suit places FDA in 4-way squeeze; agency's limited approval of medical device lets makers sell for wider uses; spine-tingling dispute
• Abstracts: Split decisions on citations; judges consider pros and cons of ABA proposal for universal system. A six-month burden on right to trial? Appeal may decide whether sentence can be hiked for failure to plead guilty

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.