MILWAUKEE - (12/03/04) -- A suspect in as many as a dozenkidnap-robberies was finally captured last week when Milwaukeepolice arrested him and a partner as they showed up to exchangetheir latest kidnapping victim for ransom. After his arrest,26-year-old Lamar Ray told FBI agents that he'd mastermindedsimilar crimes, beginning in 2001 when he targeted two employees ofthe Educators CU. But both attempts were botched. In one instance,an employee was shot in the shoulder. In the other, the employeewas tied up in her own garage and forced to hand over the keys, butRay told investigators he couldn't get them to work. Ray toldauthorities he learned from his mistakes in the failed credit unionincidents a year later, when he kidnapped the manager of anotherEducators CU branch, then he tied up her husband and son, beforeforcing her to open the credit union. He used the same plot insimilar robberies at Checkland and Check Cashers last year, policesaid.
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Bank and credit union regulators proposed a rule that would apply more supervisory oversight to core service providers, saying the firms sometimes provide little transparency to banks and can disrupt due diligence processes.
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The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
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I don't go in much for 9/11 retrospectives. I've never seen any documentaries about it, never seen any movies about it, never read any books. I don't need to. I saw the event itself.
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Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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