Word: samuel
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Dates: during 1980-1989
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Friday was supposed to be a big day for Samuel Pierce, Ronald Reagan's Secretary of Housing and Urban Development. Pierce had agreed to testify before the House subcommittee investigating charges that his department had a soft spot for well-connected Republicans who garnered huge fees for helping developers land multimillion-dollar federal housing contracts. But Pierce, known as Silent Sam, decided to live up to the name. He informed the panel, headed by California's Democratic Congressman Tom Lantos, that he was canceling his appearance. He said his newly hired lawyers needed more time to prepare...
...first major interview since the HUD scandal came to light, Samuel Pierce met last week with TIME correspondents Michael Riley and Nancy Traver. At his request, 13 questions to be asked were sent to Pierce in writing beforehand. During the four-hour discussion, he frequently read from handwritten notes. Excerpts...
...spent much of the rest of the week back among his former colleagues on Capitol Hill, fielding tough questions from two House subcommittees probing the scandal. For the first time, he put a price tag on the loss to taxpayers from the fraud and mismanagement under former HUD Secretary Samuel Pierce: $2 billion. At least half of that appears to have been siphoned from a six-year- old program in which the Federal Housing Administration, an arm of HUD, shares the insurance of housing projects with private companies...
...turned out, Jacobson's source was right. Watt had received a $300,000 consulting fee from Siegel for making eight telephone calls and holding a 30- minute meeting with HUD Secretary Samuel Pierce to ease the way for the project. Siegel claims she does not recall talking with Jacobson in 1987. "You think I'm going to risk five, six or seven hundred thousand dollars talking to somebody on the Baltimore ((Evening)) Sun?" asks the developer today. Local housing officials, curious about Watt's involvement, were cheering Jacobson along. "I wanted her to find the facts," says Maryland community-development...
While he was Ronald Reagan's Secretary of Housing and Urban Development, Samuel Pierce was known as Silent Sam. Now, amid a burgeoning scandal at HUD, he is courting a new nickname: Invisible Sam. The House subcommittee on employment and housing would like to question him again, but, says a member, "finding him is tough...