Word: pecora
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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...
...Hamburg, a teacher displayed to his class a pamphlet, The Jews in the U.S.A., with pictures of New York City's Mayor LaGuardia beside a gorilla, "Jewish Judge Marcus Pecora" (presumably meaning New York Justice Ferdinand Pecora-who is a gentile), the "Jewess" Madam Secretary Frances Perkins. At lesson's end, the teacher asked: "And what do you think of a country like that?" The class roared the Nazi Party battle cry: Judah verrecke! ("Death to the Jews...
...owes its existence, many of its powers, to a wave of front-page indignation engineered by Ferdinand Pecora, who took over the Senate Banking & Currency investigation of 1932-33. When he showed how Charlie Mitchell rigged the market in Anaconda; how Rudolph Spreckels made over$14,000,000 in the Kolster Radio pool while suckers lost their shirts; how Dick Whitney, pegging a German bond issue, waited till the Morgans were out before he "pulled the plug"; how the Stock Exchange of 1929 really worked-the New Deal was able to write its own ticket for Federal regulation of security...
...Celebrated during the inquisition of J. P. Morgan by Counsel (now New York Supreme Court Justice) Ferdinand Pecora, was a notation found on an income-tax return, made by an Internal Revenue agent, which read: "Returned without examination for the reason that the return was prepared in the office of J. P. Morgan & Co., and it has been our experience that any schedule made by that office is correct...
...belonged to the company, not the directors in the syndicate. The members of the syndicate replied that the corporation neither wanted the stock nor was in a position to buy it and that the syndicate bought it to protect the corporation from Mr. Markle. Nonetheless, bushy-haired Justice Ferdinand Pecora returned a thumping judgment against Morris & friends for $443,202, including interest. Last week, Justice Pecora's judgment having been reversed on the first appeal, New York's Court of Appeals (last resort) polished it off for good. In an unanimous decision six of its judges set aside...