Posts Tagged ‘Pecora Commission’

  • Crisis Autopsy

    Apr 9, 10 • 167 Views • Economic History, Financial Markets, RegulationNo Comments

    In an October NY Times op-ed, Calvin Trillin describes a (hypothetical) conversation in a midtown bar about the financial crisis. “The financial system nearly collapsed because smart guys had started working on Wall Street.” By contrast,

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    Legislative Jeopardy

    Mar 16, 10 • 152 Views • Economic History, RegulationNo Comments

    Between 1932 and 1934, the Senate’s Pecora Commission, named after its general counsel, amassed 12,000 pages of testimony.  Its focus was the impact of stock exchange practices on banking, securities, and commerce.  Subsequent