"Newsweek (which likes the word "discredited") has apparently begun an external investigation: it names "a disgruntled former Guard officer" as a principal source for CBS, noting "he suffered two nervous breakdowns" and "unsuccessfully sued for medical expenses."
It may be that CBS is the victim of a whopping journalistic hoax, besmearing a president to bring him down. What should a responsible news organization do?"
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Despite what Dan Rather has said about his having the information thoroughly vetted for accuracy, it does not look good for CBS' integrity.
A "former disgruntled Guard officer" offered them some dirt to discredit GW, and they went for it: hook, line and sinker.