After reading Michael Perino‘s The Hellhound of Wall Street, I was wondering if we would ever see the likes of a Ferdinand Pecora who would explicate the figures and practices behind the financial crisis of 2008 as well as Pecora, the Manhattan prosecutor, did during the Depression for the Crash of 1929. Well, opportunities for …
In The Hellhound of Wall Street, Michael Perino has just published an excellent account of the Pecora Hearings, the shorthand name given to the hearings of the Senate Banking Committe in February 1933, during the waning moments of the Hoover administration. The hearings were named not for the committee chairman, the well-motivated but less-than-charismatic chairman …