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Politics

: PR Watch

Searching for Pecora

By Mary Bottari

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Almost two years after the Wall Street meltdown collapsed the economy and threw 8 million Americans out of work, the Financial Crisis Inquiry Commission gets underway January 19th in Washington, D.C.

Will there be a new Ferdinand Pecora to get to the bottom of things?

In the aftermath of the devastation of the 1929 stock market crash, some in Congress wanted answers. In 1933, the Senate banking committee launched an investigative commission to ferret  out the fraud and corruption that led to the Great Depression. It hired a former Manhattan Assistant District Attorney with experience in financial crimes, Ferdinand Pecora, as its chief counsel.

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Full post as published by PR Watch on January 04, 2010 (boomark / email).

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