The Pecora Investigation

Download or read book The Hellhound of Wall Street written by Michael Perino and published by National Geographic Books. This book was released on 2011-09-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Ferdinand Pecora's famous 10-day investigation into the secrets of Wall Street in 1933 makes a superb story...It has an ideal storyteller in Michael Perino." -Financial Times A riveting courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history: the 1933 hearings that put Wall Street on trial for the Great Crash. Michael Perino recreates the ten dramatic days when Ferdinand Pecora, a Sicilian immigrant turned Senate investigator, cross-examined the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best-known bankers of his day. Pecora's rigorous questioning exposed City Bank's shocking financial abuses, revelations that galvanized public opinion and led directly to the New Deal's landmark economic reforms.