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Ferdinand Pecora (January 6, 1882 – December 7, 1971) was an American lawyer and New York State Supreme Court judge who became famous in the 1930s as Chief Counsel to the United States Senate Committee on Banking and Currency during its investigation of Wall Street banking and stock brokerage practices.
Nov 29, 2011 · By investigating Wall Street business practices and calling bankers in to testify, Ferdinand Pecora exposed Americans to a world they had no clue existed.
Oct 14, 2010 · Perino, law professor at St. John's University, recounts the 1933 investigation into Wall Street abuses by the Senate Committee on Banking and Currency, focusing on the 10-day interrogation by chief counsel Ferdinand Pecora of executives of National City Bank (precursor to Citigroup).
The Banking Committee inquiry into the stock market had been authorized in 1932 (Senate Resolutions 84 and 234), but didn’t pick up steam until the committee hired its fourth chief counsel, Ferdinand Pecora, a former prosecutor, in January 1933. The committee had earlier focused on the practice of short selling stocks, but failed to obtain ...
Apr 23, 2024 · Following the stock market crash in 1929 that preceded the Great Depression, the Senate Banking and Currency Committee investigated the American financial industry. Known as the Pecora Investigation, named for its skilled chief counsel Ferdinand Pecora, the investigation captivated public attention at the depth of the Great Depression.
Oct 6, 2010 · SIEGEL: And Ferdinand Pecora was counsel to a Senate probe of the great Wall Street crash of '29 and the banking misdeeds that surrounded it. Tell us about who he was and where he came from.
The turning point in the investigation occurred early in 1933 when the committee hired a new chief counsel, New York assistant district attorney Ferdinand Pecora. Pecora had previously investigated securities fraud and was familiar with many of the industry’s suspicious practices.
From 1932 to 1934, Ferdinand Pecora (January 6, 1882–December 7, 1971) led an exhaustive investigation that exposed corrupt practices in U.S. financial services, garnered national press coverage, and contributed significantly to New Deal legislation that regulated and reformed the banks and stock exchanges. A Sicilian immigrant, Pecora grew ...
Jan 13, 2009 · Ron Chernow is right to remind us about the largely forgotten legacy of Ferdinand Pecora. What he doesn’t mention is that the Pecora hearings almost didn’t happen.
Nov 11, 2010 · The Hellhound of Wall Street: How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance. By Michael Perino. Penguin Press; 352 pages; $27.95.
