Word: heimann
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...most eagerly awaited inquiry was one launched last month by Comptroller of the Currency John Heimann, whose office regulates and supervises all national banks. After 35 hectic days, Heimann and a 40-member staff produced a weighty (7½ lbs.) three-volume, 394-page document. The report concluded that Lance had done nothing illegal in his varied dealings. But it also found that his banking habits "raised unresolved questions as to what constitutes acceptable banking practice." More specifically, it accused Georgia's Calhoun First National Bank of permitting "unsafe and unsound banking practices" while Lance was its president...
...Heimann promised to pursue other investigations already under way, including the question of whether Lance had improperly used his Atlanta bank's aircraft to take himself and Carter on purely political trips. That would amount to an illegal corporate political contribution if the bank were not reimbursed for such travel. The Senate Governmental Affairs Committee intends to reopen in two weeks its less than aggressive hearings into Lance's financial affairs. Democratic Chairman Abraham Ribicoff went into the earlier inquiry like a lion and came out like a lamb, lauding Lance and lambasting the press. He has already...
...pored over more than 5,000 pages of documents. At night, guards patrol the offices to prevent any theft or tampering with evidence. Some portions of the report were being written last week, but the bulk of the investigation was still being pursued, under the direction of John G. Heimann, 48, the deceptively youthful comptroller...
...Heimann began the probe the day after he was sworn into office on July 21. A smart and ambitious moderate Democrat, he has firsthand knowledge of the highflying financial world in which Lance made his fortune. An economics graduate of Syracuse University ('50), Heimann started with the Wall Street investment house of Smith, Barney & Co., promising to quit in two years if he could not create new business in the virgin field of advising labor unions on investing pension funds. "Nothing happened for a year and three-quarters," he recalled. "I worked terribly hard, saw everybody, but nothing happened...
...friend, recruited him as the state's superintendent of banks, at a big pay cut (to $47,800 a year). Last year he moved on to become New York commissioner of housing and community renewal and straightened out the state's nearly bankrupt programs in those areas. Heimann was an early backer of Jimmy Carter. Soon after beginning the investigation of Lance's finances, Heimann ordered his top staff to conduct "neither a whitewash nor a witch hunt...