clipped from: thecaucus.blogs.nytimes.com With the House on Wednesday joining the Senate in seeking an ambitious inquiry into the financial underpinnings that caused the nation’s economic downturn, the name Ferdinand Pecora may well become as familiar as it was during the 1930s.
Maybe not just yet. But various lawmakers and researchers have been invoking his work as the investigative counsel to a Senate committee that examined the actions of major banks in the stock market crash of 1929. And the inquiry led to significant reforms on Wall Street, many of which exist to this day.