University Daily Kansan, March 18, 1985
CAMPUS AND AREA
Page 9
Ohio officials try to resolve crisis
By United Press International
CINCINNATI — Gov. Richard Calebest conferred by telephone yesterday with federal and state officials and banking industry leaders to celebrate Ohio's day of effort to resolve Ohio's savings and loan crisis by today
The governor was expected to travel from his Columbus office to Cincinnati late yesterday to report on whether a plan had been devised to stabilize the deposits of savings and loan associations covered by the private Ohio Deposit Guarantee Fund.
He also was expected to announce whether 71 associations would be reopened today following his emergency order Friday that closed the associations for three days. Runs by depositors shut down the Home State Bank and bank at least two other resources on at least two other associations in Cincinnati.
The federal, state and banking officials have been meeting in
Cleveland throughout the weekend to resolve the situation. They are considering a plan under which the situations would become federally insured.
THEY ALSO ARE thought to be discussing a plan under which the state's commercial banks would form a new corporation that would buy the thriffs. During a Saturday night news conference in Cincinnati, the governor called the latter proposal speculative.
In a statement released yesterday, Celeste praised the state's citizens for banding together during the weekend.
"In all parts of the state, and especially in Cincinnati, there is a spirit of cooperation unlike anything I've experienced since I became governor," Celeste said. "I applaud the Ohio Council of Retail Merchants and many of their members for their willingness to accept the checks of depositors from the privately insured savings and loans."
VOLUNTEERS MANNING A public hotline set up Saturday said that
as of yesterday afternoon they had taken 3,500 phone calls from citizens concerned about the closings.
The run on Home State Savings Bank began after the closing nearly two weeks ago of ESM Government Securities Inc. of Fort Lauderdale, Fla. Home State had put up $100 million in securities as collateral for a $670 million loan from the firm, which was closed after the Securities and Exchange Commission accused it of making fraudulent transactions.
Not all the state's bankers were pleased with Celeste's decision to close the savings and loan associations. At least one said he would go to court if the governor did not open the associations today.
George Hazlett, chairman of the board of Buckeye Savings and Loan in Bellaire, said he would ask the Belmont County Common Pleas Court for a restraining order against the state Department of Commerce to force it to allow the associations to reopen.
Officer renounces kidnapping confession
By United Press International
MEXICO CITY - A police agent accused of kidnapping a U.S. drug enforcement agent who was later killed repudiated his confession in a Mexican courtroom yesterday, saying it had been obtained under pressure.
The repudiation occurred during proceedings against six state police officers and a former Mexican official charged with kidnapping or lesser offenses in the February abduction of Enrique Camarena, an
agent for the U.S. Drug Enforcement Administration.
The beaten body of Camarena was found March 5 along with that of a Mexican pilot, Alfredo Zavala Avelar, who flew DEA missions.
POLICE CMDR. BENJAMIN Locheo Salzar also repudiated his confession on lesser charges, citing the same reason.
Eighth District Judge Gonzalo Ballesteros began reading the statements given by the defendants on Saturday to police. The statements were read aloud by prisoners before the judge can place them in formal custody to await trial.
Gerardo Torres Lepe, one of two officers charged with kidnapping and one of the first to hear his confession,
repudiated the confession. He said it had been taken under pressure by police interrogators.
Torres Lepe and Victor Lopez Razon had confessed to kidnapping Camaraena and delivering him to the home of Rafael Caro Quintero, whom he shot in Mexico drug trafficker, the Mexican attorney general's office said.
Neither man was charged with killing Camarena.
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