WCT Pecora Hellhound Wall St interview%27

WCT Pecora Hellhound Wall St interview%27 - aka Sunshine...

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Oct. 6, 2010. NPR's Robert Siegel talks to Michael Perino, a law professor and former Wall Street litigator, about his new book, The Hellhound of Wall Street: How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance. http://www.npr.org/templates/story/story
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From NPR’s Robert Segal’s introduction: “Ferdinand Pecora was little known outside New York until 1933. The former New York prosecutor was called to Washington to become chief counsel of Senate hearings looking into Wall Street's wrongdoings that led to the Crash of 1929. Pecora is a surprising hero of the time -- he was a poor Italian immigrant who earned his legal education at night school. And over a ten-day period, he grilled some of the titans of Wall Street, toppling one of them -- multimillionaire Charles Mitchell,
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Unformatted text preview: aka Sunshine Charley -- who was chairman of National City Bank, the predecessor of the current-day Citibank.” Short history lesson 1929 Crash leading to the Great Depression and subsequent regulation, leading to the Glass-Steagall Act (1932) Separation of commercial banks & investment banks repealed in 1999 (by Republican-controlled Senate and bi-partisan House, signed into law by Democratic President Clinton) This repeal allowed large, FDIC-insured commercial banks to grow much larger and to underwrite & trade investment vehicles like mortgage-backed securities & CDOs, which fueled subprime mortgage market and which are seen by many critics as underlying the 2008 financial crisis. What aspects of Pecora's Investigation would be emphasized by: Karl Marx Max Weber Pierre Bourdieu Race/ethnicity scholars?...
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This note was uploaded on 09/15/2011 for the course SOCI 1 taught by Professor Blair-loy during the Fall '10 term at UCSD.

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WCT Pecora Hellhound Wall St interview%27 - aka Sunshine...

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