Word: zaccaro
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...have been avoided, or at least prevented from reaching the dangerous point that it did, with a bit more foresight and more cooperation between the presidential and vice-presidential nominees. To begin with, the Mondale camp's prenomination review of the finances of Ferraro and her husband John Zaccaro fell short of the rigorous inquisition some other potential vice-presidential choices and their families have been put through...
...Francisco Mayor Dianne Feinstein, Massachusetts Governor Michael Dukakis and San Antonio Mayor Henry Cisneros; Ferraro was added the next day. By Wednesday evening, when Mondale told Ferraro that she was his choice, his aides had had only about 48 hours to examine her records and those of Zaccaro. They missed at least one real estate transaction that Ferraro later conceded "doesn't look so hot." Could they have done a better job if they had been allowed more time? Says one Mondale aide: "Absolutely...
...more extensive review began after the nomination. Lawyers and accountants reporting to Mondale, including Sheldon Cohen, former commissioner of the Internal Revenue Service, examined the Ferraro and Zaccaro records and helped prepare the financial disclosure that Ferraro was obliged by law to make no later than Aug. 20. Oddly, though, Mondale and his aides admit they cannot recall asking for a specific pledge that Zaccaro would make his tax returns public. They knew that would be necessary, even though it is not required by law, and helped Ferraro draft a statement promising that it would be done; everybody seems simply...
...campaign schedule that she felt would be premature. Mondale and his aides feared they could not predict how she would react to heavy pressure on the financial disclosure issue. They also insist that Mondale felt confident such pressure would prove unnecessary: he had seen both Ferraro's and Zaccaro's tax returns, was convinced that the couple had nothing damaging to hide, and trusted they would see it that way too. In the end he proved to be right, but only after prolonged anxiety. For all the aplomb that she demonstrated at her press conference, Ferraro had also...
...disclosure last week that her parents were worth nearly $4 million was news even to Laura Zaccaro, 18. "Mom," she asked Geraldine Ferraro, "why do we always have to buy at sales?" The question was meant as a joke. Still, the mass of financial data released on the family's finances showed that the couple are indeed wealthy in terms of their varied real estate holdings, but far less so in cash income. Said Ferraro: "We're not flashy. We buy property and we maintain it, and it appreciates. That's what America is all about...