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

Monday, July 16, 2012 By Bill Moyers, Moyers & Co. | News Analysis
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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

Bill Moyers is the managing editor of Moyers & Company and BillMoyers.com.

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

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

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

Bill Moyers is the managing editor of Moyers & Company and BillMoyers.com.