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Wrong Way On Wall Street (Part II) #108320

ABC Evening News for Tuesday, Mar 03, 1987
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(Studio: Peter Jennings) Poll results indicating public's willingness to purchase stock with insider trading information outlined on screen; cases of Dennis Levine, Ivan Boesky, Martin Siegel and others outlined on screen.

(NYC: Dan Cordtz) Psychological factors underlying incrd. crime on Wall Street examined; New York Stk. Exchange president Richard Whitney's conviction in 1938 recalled. Historical footage shown. [Psychiatrist Dr. Jay ROHRLICH - cites greed's addictiveness.] [Former broker Nancy GOLDSTONE - notes social significance attached to wealth.] Arbitrageurs explained, illustrated. [Arbitrageur Fred GREEN - defs. practice.] Arbitrageur Ivan Boesky's violations reviewed. [Mkt. analyst Robert STOVALL - considers Boesky's actions "flim flam."] Roles of Siegel and Levine in Boesky's operation recalled. [GOLDSTONE - notes corruption of indivs. by power associated with money.] [GREEN - agrees.]

(Studio: Peter Jennings) Part III announced.

Reporter(s):
Cordtz, Dan;
Jennings, Peter
Duration:
00:05:10

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