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...failed to appear, he would have been clapped promptly into jail ("contempt of the Senate"). There was no attorney for the defense. There was, however, a prosecution. It consisted of 1) six to a dozen Senators and 2) a man quite as remarkable as any of the Senators, Ferdinand Pecora...

Author: /time Magazine | Title: Business: Damnation of Mitchell | 3/6/1933 | See Source »

...ability to step on every protruding toe, he got into politics as a rambunctious Mayor of Detroit. He had almost feared that the Committee would not get around to his hobby before its inquisitorial commission expired March 4. But time had not been wasted. It never is by Ferdinand Pecora whom the Senators had employed with funds enough to keep 12 accountants busy 12 nights and 12 days stalking through the ledgers of National City...

Author: /time Magazine | Title: Business: Damnation of Mitchell | 3/6/1933 | See Source »

...Senate, through a subcommittee of its Banking & Currency Committee, last week got around to investigating the Insull crash, as part of a general inquiry into the stockmarket aspect of the Depression. So slow had the Senators been that the Press had jibed about investigating the investigators. Lawyer Ferdinand Pecora, longtime assistant New York District Attorney, was the Senators' counsel. Prize exhibit of the week's hearings was Samuel Insull Jr., whose father and uncle fled the country when their towers toppled. Short, spectacled, with a smile and spirit markedly like his cockney-born father's, Insull...

Author: /time Magazine | Title: Business: Insull Inquest | 2/27/1933 | See Source »

Inquisitor Pecora read into the record a Halsey, Stuart letter to one Evelyn McNeil recommending that she sell her government bonds in order to buy debentures in an Insull holding company, then a letter to Halsey, Stuart asking: "For God's sake, is there any issue that Halsey, Stuart sold me that is not going into default?" Snapped Banker Stuart: "You are creating the impression that we sold nothing but worthless securities. We did sell some bad ones, like every other company, but the percentage was small. We are very proud of our record." Banker Stuart suggested that complete...

Author: /time Magazine | Title: Business: Insull Inquest | 2/27/1933 | See Source »

Courtroom realism was heightened occasionally when Prosecutor Pecora or Attorney Battle, falling into familiar character, would improvise upon his lines with angry "objections" or barbed "asides...

Author: /time Magazine | Title: The Press: Exclusive Murder | 12/8/1930 | See Source »

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