An overflow crowd packed Room 3302 of the Dirksen Senate Office Building last week, drawn by the promise of a heated confrontation between Budget Director Bert Lance and the Senate Governmental Affairs Committee. Lance had been called to answer accusations that he had acted improperly while president of the National Bank of Georgia, his job before joining the Carter Administration. The major charge was that the Georgia bank had wrongly deposited $200,000 of its funds at Chicago's First National Bank in exchange for a personal loan to Lance of $3.4 million (TIME,...
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