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Lance Finances #254078

CBS Evening News for Monday, Sep 12, 1977
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(Studio) Press Secretary Jody Powell says he and 2 other White House aides knew of Bert Lance's overdrafts before Lance's confirmation, but didn't tell Carter.
REPORTER: Walter Cronkite

(DC) Powell says FBI report was read last January by self, Hamilton Jordan and Robert Lipshutz. Comments of Powell and Jordan on matter noted. Both say Justice Department officials made statements to FBI, with Jordan saying they made positive judgement on matters referred to Justice Department Comptroller's office spokesperson also made statements to FBI that matters had been resolved to their satisfaction. Remarks, with regard to Lance and family's overdrafts on Georgia banks, by regional director of comptroller's office Don. Tarleton noted; he said such practices are apparently common in rural Georgia banks. Lance attends cabinet meeting, returns to office and later makes speech at Import-Export Bank. [LANCE - looks forward to making case to Senator on Thursday] President Carter follows usual custom and doesn't talk with reporters while attending staff picnic on White House lawn. Is later announced that press conference scheduled for Wednesday is postponed till after Lance's testimony to Senate committee
REPORTER: Ed Bradley

(Studio) Carter position on Lance affair now is to wait for Lance to make own defense to Senator Govt. Affairs Committee Today, committee focuses on testimony from government official who gave Lance's recommendation in January, without rpting. some of banker's problems.
REPORTER: Walter Cronkite

(DC) Robert Bloom was acting Comptroller of Currency at time of Lance's confirmation hearings and made no secret of wanting job permanently. Committee says Bloom misled them at time with recommendation of Lance and failure to mention sanctions imposed on Lance's Calhoun, Georgia, bank. Bloom says he assumed committee knew of sanctions, but admits job was on mind. [BLOOM - was only human to have some worry about effect on own future if he engaged in operation that resulted in Lance's blocked nomination. Cites reasons for concern.] Some committee members not happy with answer. [Senator William ROTH - asks Bloom's thoughts on responsibility of high executive in confirmation hearings.] [BLOOM - says it isn't role of career official to try to shoot down president appts.] Lance's testimony due Thursday; has been considered that hearing should be held then in Senate Caucus Room, which is bigger. But committee reluctant because that's where Watergate hearings were held and they don't want to suggest parallel. There is growing belief among committee members that Lance's resignation is inevitable.
REPORTER: Barry Serafin

(Studio) In Atlanta, president-elect of American Bankers Association A.A. Milligan challenges Powell's quote that overdrafts by bankers are common practice. In Nashville, Tennessee, Representative Fernand Saint Germain says Lance situation is opportunity for reform. (Films shown.) [MILLIGAN - gets mad when he hears allegations that overdrafts by bankers is common practice, because it's not true.] [ST. GERMAIN - has tried to get regulatory reforms in banking industry, and Lance affair will show public and Congress need for these.]
REPORTER: Walter Cronkite

Reporter(s):
Bradley, Ed;
Cronkite, Walter;
Serafin, Barry
Duration:
00:06:00

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