The Hellhound of Wall Street

Tuesday, October 19, 2010

Michael Perino tells the story of Ferdinand Pecora, the Senate lawyer who unmasked the financial misdeeds that caused the 1929 stock market crash, and how he forever changed the relationship between Washington and Wall Street. The Hellhound of Wall Street gives an account of the Pecora hearings that prompted Congress to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms.


Michael Perino
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Comments [2]

jp from berkeley

good job lenny! i LOVE perino's - and your intuitive feelings - about the angelides led fcic. "toothless" as you said.

you're 1000% right.

i know a bit about angelides; i'm a california native, and phil was our state treasurer. why's that important in terms of EM08? (economic meltdown 2008)

answer: california is in the tank, and we happen to be the 5-7 largest economy IN THE WORLD. no one seems to be talking about this, and it's stupefying.

the fact that phil angelides has presided over this mess, with the governator of course, and then gets picked to head up the fcic...

god, talk about dripping with irony..

Oct. 19 2010 12:41 PM
Richard Johnston from Upper west side

Fine clarity in Mr. Perino's exposition, and nary a single lapse into the pretentiousness of the historical present tense. Well done.

Oct. 19 2010 12:34 PM

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