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...Sunday, Aug. 28, three of the Ribicoff committee's staff men flew to Atlanta. They had been dispatched to interview former Lance associates and examine bank records, since the committee in the past had been embarrassed by its lack of independent knowledge. Only a month earlier the committee had given Lance what one member termed "our Good Housekeeping Seal of Approval." The investigators found what they considered evidence of potentially criminal behavior by Lance as a banker. By midweek they notified Ribicoff and Percy...

Author: /time Magazine | Title: Lance: Going, Going... | 9/19/1977 | See Source »

...Friday, Sept. 2, Ribicoff ended a California vacation and flew to Washington. He was briefed by the investigators on Saturday morning, then phoned Percy in Illinois. After hearing the new evidence, Percy agreed with Ribicoff: the President should be told. They sent a letter by messenger to Camp David, Md., requesting a meeting. It was set for Monday, Labor...

Author: /time Magazine | Title: Lance: Going, Going... | 9/19/1977 | See Source »

...same Friday that Ribicoff hurried back to the capital, Byrd phoned and asked to see Carter. That was most unusual. Byrd is determined to be the Senate's man, not the President's, and once vowed that he would offer Carter advice only if asked to. In fact, he had never phoned the President before...

Author: /time Magazine | Title: Lance: Going, Going... | 9/19/1977 | See Source »

...decision not to press prosecution of Lance for bank overdrafts to finance his campaign, former U.S. Attorney Stokes called a press conference to complain that he had given the FBI a full report. The report, he said, should have been forwarded by Carter's transition team to the Ribicoff committee. "Some members of the Carter Administration withheld this information," said Stokes. Stung by accusations that he had prematurely closed the case, Stokes was clearly eager to shift the blame. "Why should I burn," he asked rhetorically, "while this Administration fiddles...

Author: /time Magazine | Title: Lance: Going, Going... | 9/19/1977 | See Source »

Bloom's lame defense: he had assumed that whatever he knew about Lance's banking background was also known to Carter staffers who were handling Lance's nomination and supposed they had passed such information to the Ribicoff committee. Yet Bloom had, in fact, warmly endorsed Lance in a letter to that committee and in the classified FBI report. He noted only briefly that the comptroller's office had found some problems at the Calhoun bank?a reference Bloom claimed should have been taken as a "red flag." He certainly did; he kept documents related to those problems locked...

Author: /time Magazine | Title: Lance: Going, Going... | 9/19/1977 | See Source »

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