Word: pecora
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...Senator Glass and Counsel Pecora shook hands for photographers as they made up their quarrel as to committee procedure. Senator Glass won his point of demanding advance information on what Inquisitor Pecora was trying to extract from witnesses...
...Brothers Van Sweringen, clients of the House of Morgan, began building up their railroad empire in 1916 on a loan, borrowing from a Cleveland bank $2,000,000 to make a cash payment to the New York Central for the Nickel Plate. According to Inquisitor Pecora, they got control "without putting up a 5¢ piece...
Issues. Throughout the land last week Banker Morgan and his partners were being judged less on the facts than on the headlines distilled by Inquisitor Pecora. What were the real issues...
...private banking issue was less demonstrable. Insinuating though he was, Inquisitor Pecora had yet to prove that it had anything to do with the Cost of Living...
...next breath they denounce capitalism because it lacks a plan -a "plot" - for running the country at all. But a bankers' "plot" to run the country-or the lack of it- is a very difficult thing to prove, even for a Senate committee aided by a Pecora. Unlike the industrial monopolies of 1907, financial power in 1933 is not a thing to be established by yes & no testimony. The social implications of such prestige as is bound up in a House of Morgan cannot readily be reduced to a dollars & cents basis for the ordinary citizen...