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WorldCom / Corporate Scandal / Bush Speech #704936

NBC Evening News for Sunday, Jul 07, 2002
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(Studio: John Seigenthaler) Report introduced.

(Washington: Joe Johns) The investigation into fraud at WorldCom featured; details given of the likelihood that founder Bernard Ebbers† & CFO Scott Sullivan† will refuse to testify at Congressional hearings. [Representative Michael OXLEY†- says WorldCom cooked the books because the business was failing.] [Representative Billy TAUZIN†- says the Arthur Andersen accounting firm had no management control.] [Senator Paul SARBANES†- says we need to apply criminal sanctions.] [Senate majority leader Tom DASCHLE - questions SEC chairman Harvey Pitt††.]

(Studio: John Seigenthaler) Report introduced.

(Kennebunkport, Maine: David Gregory) President Bush's speech Tuesday on corporate responsibility to restore confidence in the American economy & to criticize the business excess of the 1990s previewed; details given of Bush's suggestions; scenes shown from Kennebunkport, Maine, of Bush leaving church with his family.

Gregory, David;
Johns, Joe;
Seigenthaler, John

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