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SEC Chairman Harvey L. Pitt

The following is the full statement of the Chairman of the Securities and Exchange Commission proposing reforms for the accounting industry in effort to prevent another Enron disaster.

Rewriting the Rules

Margaret Warner talks to Arthur Levitt, former chairman of the Securities and Exchange Commission, Donald Langevoort, a professor of law at the Georgetown University Law Center, and Rick Antle, associate dean and professor of accounting at the Yale School of…

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Background: Rewriting the Rules

A background report on revisions to accounting rules and regulations prompted by the Enron collapse.

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Enron Memo Warned of Financial Troubles

A memo written in August by a senior Enron employee warned the head of Enron that questionable accounting practices could destroy the company.

Ford to Cut 35,000 Jobs, Close Plants

The Ford Motor Company announced today it will cut nearly 35,000 jobs and close up to seven plants worldwide in order to reverse its recent profit losses.

Enron Discussion

Terence Smith talks with Floyd Norris, chief financial correspondent for the New York Times, and Tyson Slocum, research director for Public Citizen's Energy Program about the latest in the Enron investigation.

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Justice Dept. Announces Enron Investigation

The Justice Department has confirmed it has opened a criminal investigation a fraud investigation of Enron Corp., nearly one month after the former energy giant collapsed in the largest bankruptcy in U.S. history.