Word: mundheim
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...challenging. There was enormous breadth to the things that you had to know because it ranged from doing the guarantees of New York City debt, the bailout of Chrysler, opening up formal relations with China, the Banking Act of 1978, and the freeze of Iranian assets,” Mundheim says...
...approached the end of his term under President Jimmy Carter, Mundheim planned to return to the academic life at Penn. But in January of 1980, he was called on to help secure the release of the 70 American hostages who had already been held for over 400 days...
...sent a Treasury team to London to negotiate the destination of the frozen Iranian government assets, and Carswell came to Mundheim to head up the team...
After negotiating with the Bank of England to be the stakeholder of the assets, Mundheim travelled to Algeria with the other negotiators to complete the release of the hostages. After 12 intense days in January, the Iranians agreed to release the hostages, and they were sent home on President Reagan’s first day in office—timing which is frequently seen as suspicious...
...question has always been whether the Iranians planned it that way, whether or not they had a particular animus towards Carter,” Mundheim says...