Word: packwoods
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...late for Packwood just to resign his post...
...even if Packwood packs up his political career to avoid further Senate scrutiny, he is likely to remain mired in the Justice inquiry for many months to come. Last Friday rumors swirled that Packwood was set to resign any minute, having hammered out a deal with Senate Republican leaders to exchange his resignation for assurances that no further legal action would be taken against him. By Friday evening there were new reports: Packwood had shelved that plan after he was served with a subpoena on his way to the Senate floor at the behest of the Justice Department's public...
Both waves of rumors were tripped off by a report in the Portland Oregonian that pointed to the specific entry in Packwood's diaries potentially linking him to criminal violations. The account stated that the ethics committee had decided to subpoena the diaries after spotting a reference to questions raised by Packwood during a November 1989 finance subcommittee probe into trade barriers erected by Japanese companies. A transcript of the hearing, which the Oregonian says is now under review by the Senate legal counsel, shows that Packwood's questions had the effect of defending Mitsubishi Electric against an attack...
...time, former Packwood staff member Steven Saunders was a registered foreign agent for Mitsubishi. Saunders was one of four friends who offered Packwood's ex-wife Georgie a job after the couple separated in January 1990. It is now believed that both the Senate and Justice inquiries seek to determine if the move was designed to spare Packwood large alimony payments by giving Georgie employment...
...Senator headed into what many colleagues quietly hoped might be his last weekend in office, Packwood was still insisting that he had no plans to resign. But his isolation was deepening. He risks losing private support for his legal defense, which has already cost $800,000. The Philadelphia Inquirer reported that Packwood had received 243 donations from officials at some 15 corporations, totaling $275,000. His female accusers, by contrast, have raised only $25,000. Angry consumers then threatened to stop doing business with the offending companies. As those companies, MCI, Eli Lilly and Seagram among them, scrambled to offer...