CBS Evening News for Thursday, Oct 11, 1990
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(Studio: Dan Rather) Report introduced.
(New York: Ray Brady) Federal Judge Kimba Wood reported opening hearing to learn more about junk bond king Michael Milken before sentencing; details given of conviction and fines for securities fraud. [Securities lawyers John COFFEE and Harvey PITT - comment.] Arguments of prosecution and Milken's lawyer Arthur Liman detailed. [Richard RIORDAN - comments on excessive government prosecution of friend Milken.] Junk bond role in savings and loan scandal noted. [Lawyer J.B. SPENCE - comments.] (Artist: Jane Rosenberg)
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