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A Closer Look (Crisis in Trust) #700553

ABC Evening News for Tuesday, May 21, 2002
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(Studio: Peter Jennings) Admission by Merrill Lynch that it misled stock buyers noted.

(Studio: Betsy Stark) The crisis in trust between investors and the financial community examined; details given of the changes in the way that Merrill Lynch will pay it stock analysts. [New York attorney general Eliot SPITZER - says we will clean up the industry.] [Merrill Lynch executive Stan O'NEAL - says the aim of reform is for investors to have confidence.] [Market analyst Art CHASIN - says no one is trustworthy.] [Investor Tim FACILE - wishes he had not invested in stocks.] [Houston's Springwood Investment Club two MEMBERS - says we are nervous now about investing.]

Reporter(s):
Jennings, Peter;
Stark, Betsy
Duration:
00:03:10

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