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Market Watch: Mutual Fund Scandal #741004

CBS Evening News for Monday, Nov 03, 2003
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(Studio: Dan Rather) Report introduced.

(Studio: Anthony Mason) The Congressional investigation into widespread cheating by mutual funds featured; statistics cited; details given about the resignations of Putnam Investments CEO Lawrence Lasser† and Strong Mutual Funds founder Richard Strong. [Massachusetts state treasurer Timothy CAHILL†- comments on terminating relations with Putnam.] [Senator Peter FITZGERALD†- calls the mutual fund industry the world’s largest skimming operation.] [New York state attorney general Eliot SPITZER†- explains losses for investors.]

Reporter(s):
Rather, Dan;
Mason, Anthony
Duration:
00:02:20

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