As Congress begins its investigation into WorldCom's nearly $4 billion in accounting irregularities, Bernard J. Ebbers, a former WorldCom chairman, and Scott D. Sullivan, former chief financial officer — both of whom were ousted from the company — told the House Financial Services Committee they were invoking the Fifth Amendment.
"I do not believe I have anything to hide in these or any other proceedings," Bernard J. Ebbers told the committee. He said he'd been advised by his Washington attorney to remain silent because of the range of investigations by the Justice Department and Securities and Exchange Commission.
But how will this decision sit with Congress and the American public? Rep. Harold Ford Jr., D-Tenn., joins the debate.
Was deadly shooting on July 4th at LAX an isolated incident or a terrorist act? And if it was an act of terror, could this be an indication that sleeper cells within America are being woken? We'll ask Mike Swetnam, chairman and CEO of the Potomac Institute of Policy Studies.
Plus, we'll get a preview of President Bush's speech on corporate governance from Brenda Buttner, Fox Business News senior correspondent and host of Bulls & Bears.
And, we'll be joined by Tim Stack, star of Son of the Beach.
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