Word: pecora
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Dates: during 1940-1949
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That had been proved countless times in previous congressional hearings. The Pujo investigation (1913) paved the way for the Federal Reserve Act. The Pecora investigation of Wall Street produced the Securities Exchange Act; the Black investigation of the utility lobby led to the Lobbying...
...trying to bore a hole in the boat to let the water out. Since they were first borrowed from the British Parliament, congressional investigations had proved to be a useful weapon. A Senate committee headed by Tom Walsh had uncovered the scandal brewed in Teapot Dome. Out of the Pecora investigation of Wall Street had come the Securities and Exchange Commission; out of the Senate War Investigating Committee had come the exposure of war-profiteering Representative Andy...
...Office Building, Western Union punched 25,000 words a day; the press as sociations (A.P., U.P., I.N.S.) filed six to eight thousand apiece. How many words poured into the radio microphones, no body stopped to count. Pearl Harbor was the biggest running congressional story since the 1933 Pecora banking investiga tion...
William Agar, vice president of Freedom House; Justice Ferdinand Pecora; President George N. Shuster, of Hunter College; President Harry D, Gideonse of Brooklyn College; Raymond Leslie Buell, former president of the Foreign Policy Association; Major George Fielding Eliot, John W. Vandercook and Sydney Moseley, commentators; Harry Scherman, president of the Book-of-the-Month Club; former Supreme Court Justice Jeremiah T. Mahoney; the Rev. Robert W. Searle, general secretary of the Greater New York Federation of Churches; Robert J. Watt, international representative of the American Federation of Labor...
Back in 1933, when the reputation of bankers was at an alltime low, one of the wisest of U.S. bankers, Russell Leffingwell, made a moving valedictory to the Pecora Committee. Said he: "We have made mistakes. Who has not? Our boast is that our effort during the whole postwar decade was constructively conceived towards the rehabilitation of America and the world after the war. . . ." Most U.S. bankers, while conceding that conditions after this war will be far different from conditions after World War I, would like to have another chance...