Word: berte
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Outside, as these melodic strains were filling the cool evening, there was the jarring counterpoint of a growing political crisis. From Capitol Hill to Foggy Bottom, Congressmen, bureaucrats, journalists and their groupies hovered in offices near phones for new fragments from the Bert Lance affair...
...Bert Lance problem was at first nothing more than a minor personal crisis for Lance. A jovial, energetic friend of the President's was suddenly found to be something less than the financial wizard and fixture of probity that everyone had been led to believe...
...danger that the President, by design or from carelessness, will transform the issue into a presidential test. That is a deep and dangerous morass. Carter put one foot in that morass on the afternoon of Aug. 18 when he choppered down from Camp David to give Lance his "Bert, I'm proud of you" vote of confidence. In those few seconds what Bert Lance had done or not done became of secondary importance. Jimmy Carter, followed by the supportive chorus of his naive aides, tried to tell the American people that what Bert Lance had done as a banker...
...weeks the American Bankers Association in Washington has been swamped with irate letters and phone calls from members. Their gripe: Bert Lance's flamboyant ways have given the business a black eye, and could subject it to far more intense Government scrutiny than now exists. Said ABA Spokesman Edward Smith: "The practices Lance is supposed to have followed cannot be considered normal or widespread. They just aren't tolerated in most banks...
...vigorous effort to improve the nation's banking codes," particularly in such back-scratching areas as "insider lending, tie-ins among banking institutions and the ease with which changes in bank control are financed." Said he: "The evidence I have seen to date leads me to believe that Bert Lance, his family and friends regarded the Calhoun First National Bank as their playpen-to be used as they pleased." Another hearing on bank regulation starts this week before the Senate Banking Committee, chaired by Wisconsin Democrat William Proxmire...