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Carter backs Lance amid loan probe in Georgia
President Carter declared full confidence in budget director Bert Lance at a Saturday news conference in Plains Georgia while signaling a full investigation of Lance banking transactions. Federal probe centers on a $2.7 million loan Lance received in April 1975 from Manufacturers Hanover Trust Co New York and related accounts at Lance’s Georgia bank.
MENTIONED IN THIS ARTICLE
Carter
Lance
John Heimann
Manufacturers Hanover Trust Co
New York