Ferdinand Pecora: Italian of the Week

Feb 20, 2016 548

Ferdinand Pecora reached almost mythical fame when, for almost a year, in 1933, he publicly exposed the wrongdoing of Wall Street bankers that led to the 1929 stock market crash while serving as counsel to the United States Senate Committee on Banking and Finance. His methodical questioning and thorough investigation incited the nation, and his integrity and skill won the praise of the Republican chairman of the Committee, and, once sworn in, the new Democratic President, Franklin Roosevelt, and new Democratic chairman of the Committee.

During the hearings, Pecora questioned all the Wall Street Bank CEOs, including J.P. Morgan, Jr. Pecora made the cover of TIME magazine. Most importantly, he defied the crass bigotry and discrimination that pervaded the nation and was harshly directed against Southern Italian immigrants.

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Source: https://osia.wordpress.com/

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