Word: ribicoffs
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Dates: during 1970-1979
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...becoming a liability, the White House this week is bracing itself for the new barrage of bad headlines that is virtually certain to result from the forthcoming round of congressional investigations. No major bombshells are expected, but the potential for further embarrassing questions is great. In the Senate, Abraham Ribicoffs Governmental Affairs Committee will make its fourth inquiry, encompassing Lance's confirmation hearing in January, into his fitness to serve as OMB director. The last hearing (TIME, Aug. 8) was a love feast; as a committee member later put it, Lance was given a "Good Housekeeping Seal of Approval...
...Bank Relations Lance, the comptroller's report confirms, received a loan of $3.4 million from the First National Bank of Chicago in January. A month before, the National Bank of Georgia, of which Lance was president, had established a correspondent relationship with a $50,000 deposit. When the Ribicoff committee held its hearings in July, Lance was asked what his role was in establishing the relationship between the two banks. Answered Lance: "Practically none. That was handled pretty much by the folks at both banks. I did not engage in those conversations at all." The comptroller's report...
...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 announced that he is satisfied that the comptroller's report has cleared Lance. At least two House committees are also considering related inquiries, and the Securities...
...inquiry into NBG's affairs. Senate Republicans are at last showing some interest in Lance's troubles. They had been uncharacteristically silent, chiefly because they liked his moderate economic views. Now Senator Robert Dole and House Republican Conference Chairman John Anderson are urging Connecticut Democrat Abraham Ribicoff to reopen his Senate Government Affairs Committee's once-over-lightly hearing on Lance's loans. Without wait ing for that investigation to get under way, Anderson last week became the first major congressional figure to call publicly for Lance's resignation. "It seems clear," said Anderson, that...
...accused of stealing confidential information from a Federal Energy Administration computer in Maryland, was possible only because the thief had dialed into a system from his office a few miles away in Virginia. He was prosecuted under an interstate wire-fraud statute. In response, Senator Abraham Ribicoff has introduced a bill prohibiting misuse of federal computers or any data-processing machine affecting interstate commerce. The bill would impose stiff punishments: up to 15 years in prison and a $50,000 fine. Says Justice Department Prosecutor Tate De Weese: "This bill fills the gaps...