Word: zaccaro
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Dates: during 1984-1984
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...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...
...very private person, and he's not the candidate?I am." Before finally agreeing to release his tax returns, "we got through a whole discussion, and ... his reaction then was, 'Gerry, I don't want to hurt you, you know?here they are.' " Still, when a defense of Zaccaro would have been foolish, she demurred. After learning early this year that he had, in 1979, bought back her half-share in the Manhattan building, she said, " 'Why did you do it?'... He said, 'It was legal.' And I said, 'Sure it was, but it doesn't look...
When it came to explanations of the financial disclosure exemption she has claimed as a House member, however, Ferraro was earnest but unpersuasive. Her tax returns report income from Zaccaro's business, and he pays the property taxes on all four of their homes. Yet to claim an exemption, a House member must get no benefit from a spouse's wealth, nor even have "the possibility of an inheritance from the interest." Ferraro's basic argument is that because she and Zaccaro have separate incomes, his wealth and its sources are irrelevant to her congressional performance...
...Zaccaro's week did not finish so buoyantly. In a New York City courtroom on Thursday, he was obliged to explain his questionable performance as the paid, court-appointed conservator of an elderly woman's assets: in the past year Zaccaro borrowed $175,000 from her funds to use in his business. He reported the loans to a representative of the court, and when notified that he had acted improperly, paid the money back promptly with 12% interest. He did nothing illegal, but the judge could remove him as conservator. Said a New York banker: "He's an honest...