Nearly 80 years ago, on Capitol Hill, Ferdinand Pecora forced J. P. Morgan Jr. and other “banksters” to reveal the corruption that had fueled the Great Depression—bringing shame on the financial industry and resulting in new laws to curb abuses. The author looks back at the Pecora Commission hearings, and asks why there is no comparable investigation now.
When Washington Took On Wall Street
Alan Brinkley | Vanity Fair | June 1, 2010 | 4,872 words
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