Word: ferraro
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When a subdued Geraldine Ferraro announced in December that she would not run for the U.S. Senate from New York this year, she put the blame on an unresolved Justice Department investigation into her finances. "If this investigation were still pending, the issue would be Geraldine Ferraro," she said. Now Ferraro, the 1984 Democratic vice-presidential candidate, may soon have her name cleared. Justice Department spokesmen disclosed last week that the investigation is all but complete and that Ferraro will apparently be cleared of any wrongdoing. The probe has concentrated on allegations that her husband John Zaccaro made illegal contributions...
...must still be reviewed by top Justice officials, it should be completed and released in a few weeks. "Someone could still go out and turn something up in an interview," said a Justice Department spokesman, "but I don't think that's likely." It remains to be seen whether Ferraro will revoke her "final and unequivocal" decision to stay out of the 1986 race...
...Ferraro attributed her abstention solely to a 16-month-old Justice Department investigation into her financial background. The probe is focused on the funding of her initial 1978 House race and some of her financial disclosure statements while in office. In 1979 the Federal Election Commission fined her husband-campaign manager John Zaccaro and her committee $750 for arranging $130,000 in loans from her family, well in excess of the $1,000 legal limit allowed for individual contributors. The House Ethics Committee, which looked into Ferraro's failure to report fully her and her husband's incomes, found that...
...Ferraro's finances, which bedeviled her 1984 campaign, were not her only political liability. Alfonse D'Amato, who squeaked into office five years ago in a three-way contest, has confounded Democrats by building a formidable base for a second-term bid. A tireless campaigner who tends assiduously to home- state details, D'Amato has amassed a war chest of $7 million. Last week, even though the Democrats have yet to come up with a candidate, five New York City unions, including those representing city employees and transit workers, endorsed D'Amato, bringing his statewide total to nearly 70. Even...
Aside from pondering the Senate race, Ferraro has been promoting her book Ferraro: My Story, a best seller since publication in November. She plans to add to the $1 million she has earned from that venture by joining a law firm, and she says she wants to remain active in public affairs. Said she: "I think I can be of service to my country without being in public office, at least for the time being." That qualifier left little doubt, however, that public office is where she would rather...