Word: zaccaro
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Dates: during 1980-1989
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...Federal Election Commission notified her of the violation; to repay the loan, Ferraro arranged through her husband to sell her share of a Manhattan building. The property was bought by a middleman, then repurchased by Zaccaro?a curious transaction resulting from Zaccaro's apparent ignorance of campaign finance laws. Then the couple miscalculated their profit on the deal and ended by owing the IRS $29,709 in back taxes plus interest of $23,750 (see following story...
...intriguing to the press was Ferraro's apparent misinterpretation of the 1978 Ethics in Government Act, which requires members of Congress to disclose their spouses' income and assets if they stand to benefit from them, as well as their personal assets. Ferraro, who is a lawyer, had never disclosed Zaccaro's; she says she believed their separate careers entitled her to an exemption. Finally, Ferraro would have to answer for her husband's sometimes haphazard and occasionally controversial business dealings...
...once did she obviously dissemble, or weasel away from a question. But she did make some wise tactical retreats, giving ground as necessary. For instance, a questioner asked about her nominal positions in various Zaccaro business entities: sometimes she is listed as treasurer, sometimes secretary, sometimes vice president. "It's sloppy, I'll grant you that," Ferraro said. She even managed to be self-deprecating and defiant at the same time. "I probably brought it all on myself," she said, "by promising more [disclosure of Zaccaro's finances] than I was able to deliver ... But I ended up delivering...
...accountant. As the accountant started whispering information to her, she showed impeccable instincts: "Irwin," she asked, "why don't you tell them?" She described intimate family decisions to explain some of her actions. In 1971, after her husband's brother and father had died of cancer in quick succession, Zaccaro suggested she get a license " 'in case something happens to me,' to keep the business going and, you know, take care of our kids...
...being held to a double standard because of her sex, she did not rise to the bait. Nor at other opportunities did she hide her feminism. When she went to a bank to finance her first House campaign in 1978, Ferraro revealed, she was aghast to learn she needed Zaccaro to co-sign for a loan. In order to establish her technical financial autonomy and thus avoid such humiliations, Zaccaro and she began filing separate tax returns. "I can give you a speech about how hard it is for women to raise money to run for office," Ferraro said...