| Show it kWItlWII I rf National Standard-Examine- r Friday May 7 1999 Senate OKs bill on bank insurance merger The Associated Press WASHINGTON Sweeping legislation that would let banks securities firms and insurance companies merge to create big financial “supermarkets” has pushed through the Senate The mostly party-lin- e vote Thursday on the bill which faces a likely was 54-4-4 presidential veto if Congress sends it to President Clinton without changes Sens Bob Bennett and Ornn Hatch voted in favor of the measure - The bill would lift Depression-er- a barriers separating the three industries legal allow- - Jury begins deliberating pilot charges against Marine dismissed from the Marines “I think in the end the president's going to have to decide is he for a financial modernization bill” Gramm told reporters during the evening vote which followed 2 12 days of debate ing the new companies to sell consumers everything from checking accounts to car insurance to mutual funds It includes a provision that would make it a federal crime for anyone to misrepresent himself to obtain someone’s private financial data The Clinton administration supports the legislation in principle But in a showdown with Senate Banking Committee Chairman it has threatened a Phil Gramm presidential veto of the bill unless there are major changes including the removal of provisions that Democrats view as an attack on a law that requires 1977 community-lendin- g banks to make loans to poor and minority residents in the areas in which they operate Legislation allowing companies to combine could gamer veto 3A The Associated be Press In closing arguments Thursday a prosecutor said Ashby intended to impede an investigation into the tragedy when he NC CAMP LEILUNL A military jury today weighed whether a Marine pilot called it “exSen Byron Dorgan actly the wrong bill at exactly the wrong time This is moving this country m the wrong D-N- D ob- structed justice when he helped destroy a videotape shot before his jet clipped an Italian gondola cable killing 20 people The seven-ma- n military jury began deliberations this morning in the trial of Capt Richard Ashby who is charged with obstruction of justice and conspiracy He could receive up to 10 years in pnson if convicted or direction” Removing the barriers separating banks brokerage firms and insurers would increase the likelihood of future taxpayer bailouts of big institutions that fail Dorgan warned “This orgy of big bank mergers in our country moves now at an accelerated pace unabated” he said took the videotape damaged jet from his Marine pilot The doesn't deny removing the tape filmed by his navigator His lawyer Trank Spinner said Ashby had no criminal intent but had “exercised poor May 8 Starting at 10 am At Any ZCMI Store v n $ r 8? 5 Vr'" S 'f £ - ti 4 n vS 4 f t' r $ y - - i fV ' Pv q - t tj t ? jfs merchandise almost every department in the store on all regular-- and in t sale-pric- ed There’s no limit to how much you can save on regular sale and clearance priced items so feel free to shop ‘til you drop! for details Exclusions: Waterford UadrO Home Electronics and Cameras some vendor exclusions apply See store ZCMI Travel purchases or orders on No special pnor purchases offers adjustments Cannot be combined with any other coupons or special t SCP al stones Monday tougm Sa'uoav 10 a v 9 pm -- r ' r ft f j iI i V (ucm Sat Lave - Ddwxtcan and Bf F“0NE ’ t r In Sat Lae Saturday 10 a v 7 pm -- ZCMI 579-666- : 6 t:srwEE Visit us on the Internet at COPY in U'a-- ww i and in t- -e rcmi com ao U S Sr Gecrge Ocwxtcas: Monday tsogh Satoay 10 a s? -- 6 pv ) Ciosto Suabay |
