Word: bert
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...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 B.C.C.I. funds to become a partner of financier David Paul, who built CenTrust into a giant house of cards before it collapsed last year at a cost to taxpayers of more than $1.7 billion...
...think that the majority of the people on the School Committee felt that history had proven that the city council and the city manager would provide additional money," says Bert Giroux, the public information administrator at the School Department. "The city manager made it clear from the outset that in the past the money had been available...
...particularly instructive Sesame Street episode, Bert and Ernie find themselves confronted with rain leaking through a hole in the roof. They lament that it is impossible to go out and fix the roof while it's still raining. Thus, they continue to get wet. When the weather finally clears, though, they decide not to bother fixing the roof, reasoning that you don't need a good roof as long as it's not raining...
Clifford prefers to see himself as a statesman using the "art of persuasion," but most of the time, he has been a hired gun in Washington's range wars, a tactician seeking out the right angle of attack. He counseled Jimmy Carter's Budget Director Bert Lance on his banking problems, Speaker of the House Jim Wright on his ethics, and Supreme Court Justice Abe Fortas on conflict-of-interest charges...
B.C.C.I.'s modus operandi for gaining political influence was as simple as its banking methods were convoluted. The formula: money. Abedi found his opening wedge in the U.S. in late 1976, when he looked to Georgia, home of then President-elect Carter, and the rotund personage of Carter confidant Bert Lance. In deep financial trouble with his National Bank of Georgia and beset by regulators for past banking indiscretions, Lance was all too glad to be put on B.C.C.I.'s payroll as a $100,000-a-year consultant. Abedi declared Lance was his "unofficial ambassador . . . brought in to give...