Bert Lance Banking Controversy Dominates Senate Hearings
The article covers Bert Lance facing intense scrutiny from Senate committees and the Comptroller of the Currency over banking practices. It notes a $2.7 million loan from Manufacturers Hanover, overdraft patterns, overdrawn family accounts, a cease and desist action, and Lance's defenses and ongoing political fallout with President Carter amid public hearings and investigations.
MENTIONED IN THIS ARTICLE
Bert
Carter
Lance
Hert Lance
Comptroller
Calhoun First National Bank
Comptroller’s Office
Bert Lance
Associated Press
New York
Rise and Fall of Bert Lance in Carter Administration
Bert Lance, a towering loyalist in the Carter White House, faced scrutiny over loans and debt after the National Bank of Georgia warned of losses. Senate probes and mounting financial pressures culminated in his resignation, with Carter praising him before the abrupt departure.
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