Nation: The Carters' peanut Money

Lance's loans examined

After a federal grand jury in Atlanta questioned Billy Carter last fall about Banker Bert Lance's tangled financial dealings, the President's brother announced blithely that on several occasions he had taken the Fifth Amendment. The statement inflamed suspicions that Brother Billy might be covering up some unsavory—or even illegal—money dealings between Lance, who resigned as Director of the Office of Management and Budget in the fall of 1977 because of his questionable banking practices, and the Carter presidential campaign.

Last week two outside directors of Atlanta's National Bank of Georgia, which was once headed by Lance, issued a 131-page accounting...

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