The Senate Banking and Currency Committee issued its 400-page final report documenting the systematic corruption, fraud, and market manipulation that caused the 1929 Wall Street crash and subsequent Great Depression. The investigation, which began on March 4, 1932 with Senate Resolution 84 and …
Ferdinand PecoraU.S. Senate Committee on Banking and CurrencySenator Duncan Fletcherfinancial-regulationcorporate-accountabilitycongressional-oversightinstitutional-integrity
Republican Senator Peter Norbeck appointed Ferdinand Pecora, a former New York deputy district attorney, as the fourth chief counsel to the Senate Banking and Currency Committee’s investigation into the Wall Street crash. Pecora, son of Italian immigrants who grew up in Hell’s Kitchen, …
Ferdinand PecoraSenator Peter NorbeckSenator Duncan FletcherU.S. Senate Committee on Banking and Currencyfinancial-regulationcorporate-accountabilitycongressional-oversightinstitutional-integrity
The U.S. Senate passed Senate Resolution 84, authorizing the Committee on Banking and Currency to investigate “practices with respect to the buying and selling and the borrowing and lending” of stocks and securities following the 1929 Wall Street crash. The investigation, chaired …
U.S. Senate Committee on Banking and CurrencySenator Peter NorbeckSenator Duncan Fletcherfinancial-regulationcorporate-accountabilitycongressional-oversightgreat-depression