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.]