Word: bankes
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Dates: during 1970-1979
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...called for his resignation; so did the Los Angeles Times. White House Press Secretary Jody Powell worked overtime to blunt the criticism. He announced, for example, that Carter would pay $1,793.70 for five flights he took in 1975 and 1976 on a plane belonging to one of the banks that Lance formerly ran, the National Bank of Georgia...
...Senate Governmental Affairs Committee may have been misleading; in addition, it was learned last week that Lance pledged the same stock as collateral for two different loans-a violation of his loan contracts. Investigations by three congressional committees are scheduled to begin next month. A probe by the Senate Banking, Housing and Urban Affairs Committee, headed by Senator William Proxmire (the only Senator to oppose Lance's confirmation last January), will use the Lance case as a wedge to look into loans to bank insiders, overdraft policies and general banking practices...
...entirely. Begin's recent moves to legalize three unauthorized Israeli settlements on the West Bank and to announce the creation of three brand new settlements have upset many U.S. Jews. Quite a few Reform and Conservative rabbis remain concerned, moreover, that Begin may impose an Orthodox religious tyranny in Israel at the expense of other branches of Judaism, not to mention other religions. In addition, says Leonard Beerman, "I'm frightened that the values of Judaism that have to do with civil rights and the rights of national minorities of small peoples to self-determination would be compromised...
...overstepped his authority. Delighted oilmen predicted that test drilling might start as soon as year's end. The decision presumably will also encourage oil companies to bid on leases scheduled for sale early next year on two other geologically promising areas of the outer continental shelf: Georges Bank off Massachusetts and the Southeast Georgia Embayment...
...Lance's case, the question is compounded by the fact that his loans-$5.3 million between 1975 and January 1977-were granted for the express purpose of enabling Lance to buy, with two partners, a majority share of the stock in his own bank. Federal law forbids banks to make such loans to their own officers, lest unscrupulous bankers use depositors' money to enrich themselves; but the law is silent about stock-purchase loans to correspondent bankers. Yet if a banker cannot borrow money from his own bank to buy its stock, why should he be allowed...