The Nation: Lance's Sagging Finances

At his press conference, Jimmy Carter said that Bert Lance "needs to go home and take care of his own business." He certainly does. Reports that he was close to bankruptcy seemed exaggerated, but unquestionably the wheeler-dealer from Calhoun had suffered some severe setbacks.

Lance's most pressing problem is the familiar one of finding enough cash to pay his monthly bills, which in his case are considerable. No audit of his current financial position has been released, but his biggest expense is the $400,000 in interest he owes annually on the $5 million...

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