OMB Director Bert Lance used same stock shares as collateral for two separate loans. SEC says New York City Mayor Abraham Beame deliberately misled the public in 1974-75 in order to sell city bonds.
President Carter announces the resignation of Bert Lance, the Director of the Office Of Management And Budget due to a scandal during his first year in office.
Egyptian President Anwar Sadat speaks of his weekend meeting with Israeli Prime Minister Begin. Report of Bert Lance's sale of National Bank of Georgia stock to Saudi businessman.