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The Pecora Investigation was an inquiry begun on March 4, 1932, by the United States Senate Committee on Banking and Currency to investigate the causes of the Wall Street Crash of 1929. The name refers to the fourth and final chief counsel for the investigation, Ferdinand Pecora. His exposure of abusive practices in the financial industry ...
Some accounts even suggest those Glass–Steagall provisions were created in response to the Pecora Investigation. [102] National City Bank (predecessor to Citibank) was the only commercial bank examined by Ferdinand Pecora before the 1933 Banking Act became law in June 1933. [103]
Ferdinand Pecora was born in Nicosia, Sicily, the son of Louis Pecora and Rosa Messina, who emigrated to the United States in 1886. He grew up in Chelsea, Manhattan.After briefly studying for the Episcopal ministry, Pecora attended St. Stephen's College (now Bard College) and the City University of New York before he was forced to leave school when his father was injured in an industrial accident.
critical clues in the investigation Sergeant Lyvers and Sergeant Robert Haugh recall that when they first arrived at Morgan's house at 3 a.m. Rod's behavior had struck them as unusual. Sgt. Dakota ...
Sen. Carter Glass (D–Va.) and Rep. Henry B. Steagall (D–Ala.-3), the co-sponsors of the Glass–Steagall Act. The sponsors of both the Banking Act of 1933 and the Glass–Steagall Act of 1932 were southern Democrats: Senator Carter Glass of Virginia (who by 1932 had served in the House and the Senate, and as the Secretary of the Treasury); and Representative Henry B. Steagall of Alabama ...
Dom Pecora at his shop in Malvern, Pa., which he opened in September Credit - Ahmed Photography B y the time Dominick Pecora was 10 years old, he’d broken and repaired his bicycle many times.
At least 35 children were killed and six others critically injured in a crowd crush at a funfair in the Nigerian city of Ibadan on Wednesday, police said.
Members of the Pujo Committee. The Pujo Committee was a United States congressional subcommittee in 1912–1913 that was formed to investigate the so-called "money trust", a community of Wall Street bankers and financiers that exerted powerful control over the nation's finances.