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Market Watch (Stock Market / Enron / WorldCom Bankruptcy) #706495

CBS Evening News for Tuesday, Jul 23, 2002
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(Studio: Dan Rather) Stock Market Report.

(Studio: Anthony Mason) The decline in the stock market due to investigations into banks JP Morgan Chase and Citigroup for helping Enron hide its debt featured; details given of the banks’ losses in the stock market. [Legg Mason Richard CRIPPS†- says investors are selling first and asking questions later.] [Senate investigator Robert ROACH†- comments on the banks’ involvement.] [Senator Carl LEVIN†- says Chase should be embarrassed.] [Before Congress, JP Morgan Chase Jeffrey DELLAPINA†, Citigroup David BUSHNELL†- respond to questioning.] [Emory University Robert MINNEAR†- says the banks should have known better.] Investigation into Solomon Smith Barney noted.

(Studio: Dan Rather) Report introduced.

(White House: John Roberts) The politics behind the WorldCom collapse featured; details given of WorldCom’s political connections. [Attorney Ken VIANALE†- says we knew two years ago that the company was cooking its books.] [Center for Responsive Politics Larry NOBLE†- comments on the collapse of WorldCom.]

Reporter(s):
Mason, Anthony;
Rather, Dan;
Roberts, John
Duration:
00:05:10

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