Part of the Series
Moyers and Company
Support justice-driven, accurate and transparent news — make a quick donation to Truthout today!
JPMorgan Chase CEO Jamie Dimon’s hearings before Congress last month were strikingly similar — in circumstances if hardly in results — to the 1930s Senate Banking Committee hearings known as the Pecora Commission. Headed by Sicilian immigrant Ferdinand Pecora, the investigation into the causes of the Wall Street crash of 1929 resulted in, among other regulatory checks, the Glass-Steagall Act of 1933 and the founding of the Securities and Exchange Commission.
In this 2009 Moyers Moment from Bill Moyers Journal, Bill talks to Pecora’s biographer, Michael Perino, about the son of a shoemaker who overcame stereotypes to take on big Wall Street bankers, leaving a long-standing legacy of effective banking oversight.
Watch the full conversation between Bill Moyers, Michael Perino, and economist Simon Johnson, or read Michael Winship’s essay about the Pecora Commission on the Bill Moyers Journal site.
An important fundraising appeal: 5 Days to raise $35,000
Truthout is one of only a few platforms for justice-oriented, grassroots journalism. Today, as political censorship from the right intensifies, we have no choice but to ask for your help.
We are fundraising right now to cover our basic operating expenses. If you can support Truthout with a one-time or monthly donation, you will make a significant impact on our work. Anything you can do makes a difference — we appreciate your support.