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Economy / Commodities Market #271020

CBS Evening News for Tuesday, Jun 10, 1980
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(Studio) Legis. introduced by Representatives Charles Vanik and Benjamin Rosenthal to close tax loopholes for investors in commodities market reported; Hunt brothers' recent congress testimony recalled.
REPORTER: Walter Cronkite

(DC) [W.H. HUNT - denies collusion with brother] Conflicting version of events by former Bunker Hunt aide Bill Bledsoe outlined on screen; alleged participation of Saudi Arabia, John Connally discussed. Breakdown of Hunt family empire listed on screen; their ownership or investment in Kansas City Chiefs football team and World Championship Tennis noted. Alleged amount of silver controlled by Hunt brothers mentioned; First National Bank of Chicago's financial involvement noted. [ROSENTHAL - comments.] Rosenthal said referring matter to Justice Department due to conflicting testimony of Hunt brothers and employees.
REPORTER: Robert Schakne

Cronkite, Walter;
Schakne, Robert

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