CBS Evening News for Wednesday, Nov 01, 1978
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(Studio) Report on Justice Department investigation of possible banks' conspiracy in currency trading.
REPORTER: Walter Cronkite
(DC) Chgs. by former Citibank employee with regard to banks profiting by deliberate depression of dollar value stated; explanation of possible bank manipulation given. [Former Citibank employee David EDWARDS - notes lack of laws, regulations with regard to foreign exchange mkts.] [Citibank executive Edward PALMER - says impossible for bank to affect foreign exchange rates; denies any conspiracy.]
REPORTER: Fred Graham
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