Word: probe
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Dates: during 1970-1979
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...confirmation testimony before the Senate Governmental Affairs Committee may have been misleading; in addition, it was learned last week that Lance pledged the same stock as collateral for two different loans-a violation of his loan contracts. Investigations by three congressional committees are scheduled to begin next month. A probe by the Senate Banking, Housing and Urban Affairs Committee, headed by Senator William Proxmire (the only Senator to oppose Lance's confirmation last January), will use the Lance case as a wedge to look into loans to bank insiders, overdraft policies and general banking practices...
Jaworski, asked by House Speaker Tip O'Neill to take over the foundering Koreagate probe in July, remained confident that he could get the facts. O'Neill made it clear to Georgia's crusty John Flynt, chairman of the ethics committee, that neither he nor Jaworski would tolerate any obstructionism. "If Jack Flynt gets in our way, we'll go around him," said one investigator, "or maybe we'll just run right over him." At Jaworski's first appearance before the committee last week, Flynt and other committee members indicated that such tactics would...
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...
...distance himself from Lance. Aides insist this is not the case. Says one: "He is just trying to show that he has no intention of interfering in the investigation." Presidential aides also say that Carter and Lance have not yet gotten together to discuss the comptrol ler's probe, though Carter was briefed on it last week by Treasury Secretary Michael Blumenthal...
...went for two hours and ten minutes, with Lance beaming broadly. Finally, Florida Democrat Lawton Chiles declared that the committee was giving him "our sort of Good Housekeeping seal of approval." It was clearly a reprieve for Lance, but not the final verdict. A more thorough probe of the Chicago loan by the U.S. Comptroller of the Currency may be completed by the end of this week...