Current relevance of the Pecora hearings begun on March 4, 1932 July 17, 2012Posted by larry in economics.
Here I am going to embed a long discussion between Michael Perino, author of Hellhound of Wall Street, Simon Johnson, and Bill Moyers from a program broadcast in 2009 due to its continued relevance to what is happening now and the unfortunate relevance of what Pecora was able to accomplish, partly as a consequence of Roosevelt’s inauguration, and what he was unable to accomplish. One question we need to ask ourselves is: where is OUR Pecora? Ferdinand Pecora was an Italian-American working as a lawyer in NYC in an atmosphere of substantial immigrant discrimination, in particular against southern Italian immigrants, who were viewed as crooks, devious, stupid, and the like. That he was a brilliant prosecutor and had a prodigious memory helped him succeed where others might have failed. Enjoy your viewing experience.