Word: altmans
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Dates: during 1990-1999
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...Federal Reserve Board fined B.C.C.I. $200 million for illegally acquiring control of three prominent U.S. banking institutions. Chief among them was First American Bankshares, Washington's largest bank holding company, which is headed by former Defense Secretary Clark Clifford and his law partner Robert Altman. Clifford and Altman, who served as attorneys for B.C.C.I. throughout the 1980s, have denied knowing it owned First American. The other two secretly owned banks were the National Bank of Georgia, which Ghaith Pharaon, a Saudi tycoon and B.C.C.I. front man, acquired from Carter Administration official Bert Lance, and Miami's CenTrust Savings. Pharaon used...
Just as Pharaon came to CenTrust's aid, so members of Washington's power elite have frequently gone to bat for B.C.C.I. Jack Blum, the former chief investigator for Kerry's subcommittee, stunned the hearing last week by declaring that Altman and Clifford advised Amjad Awan, a B.C.C.I. official who had run the bank's Panama office, to flee the U.S. for Paris in 1988 to avoid a congressional subpoena. Altman, a fast-rising star in Washington legal and social circles, then reportedly arranged for B.C.C.I. to transfer Awan to Paris. But Carl Rauh, an attorney for Clifford and Altman...
...Raab charged that the Bush Administration had taken a "lackadaisical" approach to prosecuting B.C.C.I. in part because the bank used Beltway insiders such as Clifford and Altman to lobby federal regulators. "If you were to look at the Rolodexes at B.C.C.I.," he said, they would show "the blue chips of Washington influence peddlers." As a result, he said, "senior U.S. policy-level officials were constantly under the impression that B.C.C.I. was probably not that bad because these good guys who they play golf with all the time were representing them...
Whatever the reason, regulators around the world certainly allowed B.C.C.I. to flourish far too long. The alliance with Altman and Clifford's First American Bankshares was clearly -- and apparently successfully -- designed to win respectability in the American power establishment. The link with Paul's CenTrust S&L was a pipeline to the fast-buck financial arrivistes of the '80s -- a joining of hands by what history may well describe as the two great scandals of the century...
...doctors, already beset by nit-picking insurance companies, shrinking Medicaid payments and malpractice lawyers, the gag rule seemed the final intrusion -- one that was doubly galling because it came from an Administration many had supported. Says Alan Altman, a gynecologist in Brookline, Mass.: "((The government)) bothers me in the pocketbook, it bothers me in the delivery room, but it has never before bothered me in the consultation room." Dr. Laura Sirott, a Pasadena, Calif., obstetrician- gynecologist who describes herself as a past supporter of Bush, complains that the gag rule violates a patient's right to be fully informed. "This...