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Bank JOB

Stafford called on Roski in bid to control local lender

"You have that covered," Rowlett said, as if trying to convince herself.

"With Roski," Stafford added, completing her thought.

"Roski will take care of [Walter]," Stafford said moments later, a remark federal prosecutors described as "threatening."

These transcripts, along with other evidence obtained by the FBI, persuaded Stafford to plead guilty to 18 criminal charges, including fraud, obstruction of justice and conspiracy.

Roski Jr., who was not charged with conspiring in Stafford's check-laundering scheme, remained on the Bank of Industry's board until 1992. That year, according to an FDIC official, the bank merged with Comerica Bank, a San Jose-based institution for which Roski Jr. serves as a director. Back in Industry, the vacuum created by Stafford's departure appeared to provoke a power struggle among insiders.

Victor Valle is a professor of ethnic studies at California Polytechnic State University, San Luis Obispo; Rodolfo D. Torres is a visiting professor of political economy and education at UC Irvine. Their book, Latino Metropolis, will be published this fall by University of Minnesota Press.

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