Word: memorandum
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...step for the Reagan Administration, which is philosophically opposed to Government intervention to save failing firms. Treasury Secretary Donald Regan described the structure of the bailout as "bad public policy," because it puts a federal agency out on a limb to protect private investors. In a 4½-page memorandum to the heads of the three federal agencies that regulate the banks-Isaac, Comptroller of the Currency C.T. Conover and Federal Reserve Chairman Paul Volcker-Regan argued that the action was "implicitly extending a U.S. Government guarantee to all bank holding-company creditors...
...There is no hit list," Rowny kept asserting. But in March it came to light that Rowny had indeed given a private memorandum to Kenneth Adelman, the young conservative deputy to U.N. Ambassador Jeane Kirkpatrick, whom National Security Adviser Clark had selected to replace Rostow as director of the Arms Control and Disarmament Agency. The document criticized various individuals, including Rowny's principal deputy, James Goodby, who was declared suspect on grounds of being too eager for an agreement. (Goodby subsequently left the START delegation and now heads the American negotiating team at the Conference on Disarmament in Europe...
...preparation for this meeting, a member of my staff had drawn up a bill of particulars, listing the occasions on which the cacophony of voices from the Administration and the seeming incoherence of American foreign policy had created dangerous uncertainties. To this I had added a second memorandum, detailing mixed signals during the Falklands crisis. These documents, though more forthright hi tone than communications to Presidents usually are, had the virtue of being an accurate reflection of the frustrations produced by these events. Reagan glanced at the papers. "I'm going to keep this, Al," he said. "This situation...
...appeared that I had raised hackles by pointing out the foreign policy implications of the grain embargo and auto imports, by reassuring our allies on our plans with respect to the neutron bomb and by the nature of my personality. The fanciful story about my thrusting a "20-page memorandum" into Reagan's hands as he returned from his swearing-in took root in the press and demonstrated once again that gossip is hardier than truth. Again I called up Meese. "Al," he said, "it's just newspaper talk. Don't pay any attention." Baker gave me the same advice...
...outlined his proposal in a November 8 memorandum, promising to "make available funds to finance the first of the three professorships...