CBS Evening News for Wednesday, Apr 22, 1987
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(Studio: Bob Schieffer) United States attorney Rudolph Giuliani reported calling for harsher penalties for insider trading violations in wake of Wall Street scandal; details given.
(NYC: Ray Brady) Drexel Burnham Lambert's role in insider trading controversies examined; details given, scenes shown. [Econ. Ben STEIN - considers firm "money pushers"; explains.] Insider trading violations of former Drexel brokers Dennis Levine, Michael Milken, Ivan Boesky reviewed; suits against Drexel as result by former clients include Green Tree Acceptance Corp., Beverly Hills Savings and Loan, Staley Continental outlined on screen, discussed. [Staley attorney Terry GRIMM - describes Drexel's alleged extortion of client.] [Harvard business school spokesperson Paul SOLMAN - defs. Drexel; explains.]
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