Moyers Moment (2009): Michael Perino on the Pecora Commission

Monday, 16 July 2012 14:22 By Bill Moyers, Moyers & Co. | News Analysis
  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

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.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Bill Moyers

A broadcast journalist for more than four decades, Bill Moyers has been recognized as one of the unique voices of our times, one that resonates with multiple generations. In 2012, at the age of 77, Moyers begins his latest media venture with the launch of "Moyers & Company." With his wife and creative partner, Judith Davidson Moyers, Bill Moyers has produced such groundbreaking public affairs series as "NOW with Bill Moyers" (2002-2005) and "Bill Moyers Journal" (2007-2010). 

For his work, Moyers has received more than 30 Emmys, two prestigious Alfred I. duPont-Columbia University Awards, nine Peabodys, and three George Polk Awards. Moyers' most recent book, "Bill Moyers Journal: The Conversation Continues," was published in May 2011. He currently serves as president of the Schumann Media Center, a nonprofit organization that supports independent journalism.

Hide Comments

blog comments powered by Disqus