From: [br 048] at [cleveland.Freenet.Edu] (Guy Rosa)
Newsgroups: talk.politics.guns
Subject: Brady Law in Montana - NOT!
Date: 17 May 1994 14:17:26 GMT


From the Bloomberg Newswire:

Helena, Mont., May 16 (Bloomberg) -- A U.S. Federal judge ruled
part of the Brady gun law unconstitutional, the Associated Press
reported.  US District Judge Charles C. Lovell ruled against the
law's requirement that local authorities check the background
of anyone applying to buy a firearm. (Should be 'handgun' -Guy)
The Montana judge left intact the law's provision for a 5 day
waiting period befor a gun may be bought.  But checking during 
that time to ensure the customer isn't a minor, a criminal,
or doesn't have a history of drug, alcohol, or mental problems,
he ruled, violated the constitution's limits on federal power
over the states, the report said.
     A professor of constitutional law at the Univ. of Montana
told the AP the ruling would not necessarily apply outside the
state.  THe final decision on the various conclusions reached
by federal courts on the law would be up to the U.S. Supreme
Court, he said.
    The law was designed to reduce the number of crimes 
involving firearms in the United States. (NOT the number of
crimes, just crimes w/firearms! - Guy)  It was named after
James Brady, the press sec'y under former President
Ronald Reagan, who suffered brain damage after being shot
during an assassination attempt against Reagan.

-- 
"If we stack sufficient option delta, it completely neutralizes
movement in the price of the hedged instrument."