25 Books to Read Before You Die
 
 

Recently Viewed clear list


The Powell's Playlist | August 6, 2014

Graham Joyce: IMG The Powell’s Playlist: Graham Joyce



The Ghost in the Electric Blue Suit is set on the English coast in the hot summer of 1976, so the music in this playlist is pretty much all from the... Continue »
  1. $17.47 Sale Hardcover add to wish list

spacer
Qualifying orders ship free.
$13.95
Used Hardcover
Ships in 1 to 3 days
Add to Wishlist
Qty Store Section
1 Burnside Business- Investing

The Hellhound of Wall Street: How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance

by

The Hellhound of Wall Street: How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance Cover

 

Synopses & Reviews

Publisher Comments:

A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street.

In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead.

The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public.

Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America.

By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.

Review:

"Perino, law professor at St. John's University, recounts the 1933 investigation into Wall Street abuses by the Senate Committee on Banking and Currency, focusing on the 10-day interrogation by chief counsel Ferdinand Pecora of executives of National City Bank (precursor to Citigroup). A morass of tawdry scams surfaced in the hearings: the bank's in-house stock pools artificially inflated its own stock; bank officers gave themselves no-interest (and apparently no-repayment) loans; mom-and-pop investors relying on National City's supposedly impartial advice were sold dubious securities in which the bank had a hidden financial interest. The author argues that Pecora's revelations, coming amid the 1933 bank collapse, stoked public outrage and paved the way for unprecedented government regulation of the financial system. Perino's narrative is a lucid account of period banking and stock-market swindles and a crackerjack legal drama, as Pecora's cunning, relentless questioning demolished the bankers' evasions. (The Sicilian immigrant's triumph over the WASP financial elite also heralded a social revolution, the author contends.) Perino's book is a trenchant, entertaining study of the New Deal's heroic beginnings, one with obvious relevance to latter-day efforts to rein in Wall Street's excesses. (Oct.)" Publishers Weekly (Copyright PWyxz LLC)

Synopsis:

Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed.

Synopsis:

andquot;Ferdinand Pecora's famous 10-day investigation into the secrets of Wall Street in 1933 makes a superb story...It has an ideal storyteller in Michael Perino.andquot; -Financial Times

A riveting courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history: the 1933 hearings that put Wall Street on trial for the Great Crash. Michael Perino recreates the ten dramatic days when Ferdinand Pecora, a Sicilian immigrant turned Senate investigator, cross-examined the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best-known bankers of his day. Pecora's rigorous questioning exposed City Bank's shocking financial abuses, revelations that galvanized public opinion and led directly to the New Deal's landmark economic reforms.

Synopsis:

"Ferdinand Pecora's famous 10-day investigation into the secrets of Wall Street in 1933 makes a superb story...It has an ideal storyteller in Michael Perino." -Financial Times

A riveting courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history: the 1933 hearings that put Wall Street on trial for the Great Crash. Michael Perino recreates the ten dramatic days when Ferdinand Pecora, a Sicilian immigrant turned Senate investigator, cross-examined the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best-known bankers of his day. Pecora's rigorous questioning exposed City Bank's shocking financial abuses, revelations that galvanized public opinion and led directly to the New Deal's landmark economic reforms.

About the Author

"Absolutely riveting! Michael Perino's account of the 1933 Pecora hearings-the sensational revelations of shady business practices at the highest levels on Wall Street-is a page-turner. No one can read about the many excesses of Wall Street in the 1920s without being struck with the similarities to today and wondering why we have allowed history to repeat itself."

-Liaquat Ahamed, author of Lords of Finance

"A brilliant and compelling account of how Ferdinand Pecora figured out - and exposed in nauseating detail - the malpractice of Wall Street. As we struggle to confront our modern financial demons, we should all pause to read and reflect on Michael Perino's account."

-Simon Johnson, co-author of 13 Bankers

"Excellent."

-Forbes.com

"A thorough, well-written history that shows how the past can be prologue."

-Kirkus Reviews

"Hats off to Michael Perino. The Hellhound of Wall Street is an excellent account of the Pecora hearings that should be read by everyone interested in financial reform. At the same time, it is a penetrating Wall Street morality tale that should evoke a strong sense of déj

Product Details

ISBN:
9781594202728
Subtitle:
How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance
Author:
Perino, Michael
Publisher:
Penguin Books
Subject:
Corporate & Business History - General
Subject:
United States - 20th Century
Subject:
Corporate History
Subject:
Business-History and Biography
Subject:
US History - 20th Century
Edition Description:
Paperback / softback
Publication Date:
20110927
Binding:
Paperback
Grade Level:
from 12
Language:
English
Illustrations:
16 pp. b/w photos on text stock
Pages:
368
Dimensions:
9.54 x 6.5 x 1.18 in 1.35 lb
Age Level:
17-17

Other books you might like

  1. Break In Used Hardcover $4.50

Related Subjects

Business » Banking
Business » History and Biographies
Business » Investing
History and Social Science » Economics » General
History and Social Science » US History » 20th Century » General

The Hellhound of Wall Street: How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance Used Hardcover
0 stars - 0 reviews
$13.95 In Stock
Product details 368 pages Penguin Press - English 9781594202728 Reviews:
"Publishers Weekly Review" by , "Perino, law professor at St. John's University, recounts the 1933 investigation into Wall Street abuses by the Senate Committee on Banking and Currency, focusing on the 10-day interrogation by chief counsel Ferdinand Pecora of executives of National City Bank (precursor to Citigroup). A morass of tawdry scams surfaced in the hearings: the bank's in-house stock pools artificially inflated its own stock; bank officers gave themselves no-interest (and apparently no-repayment) loans; mom-and-pop investors relying on National City's supposedly impartial advice were sold dubious securities in which the bank had a hidden financial interest. The author argues that Pecora's revelations, coming amid the 1933 bank collapse, stoked public outrage and paved the way for unprecedented government regulation of the financial system. Perino's narrative is a lucid account of period banking and stock-market swindles and a crackerjack legal drama, as Pecora's cunning, relentless questioning demolished the bankers' evasions. (The Sicilian immigrant's triumph over the WASP financial elite also heralded a social revolution, the author contends.) Perino's book is a trenchant, entertaining study of the New Deal's heroic beginnings, one with obvious relevance to latter-day efforts to rein in Wall Street's excesses. (Oct.)" Publishers Weekly (Copyright PWyxz LLC)
"Synopsis" by , Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed.
"Synopsis" by ,

andquot;Ferdinand Pecora's famous 10-day investigation into the secrets of Wall Street in 1933 makes a superb story...It has an ideal storyteller in Michael Perino.andquot; -Financial Times

A riveting courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history: the 1933 hearings that put Wall Street on trial for the Great Crash. Michael Perino recreates the ten dramatic days when Ferdinand Pecora, a Sicilian immigrant turned Senate investigator, cross-examined the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best-known bankers of his day. Pecora's rigorous questioning exposed City Bank's shocking financial abuses, revelations that galvanized public opinion and led directly to the New Deal's landmark economic reforms.

"Synopsis" by ,

"Ferdinand Pecora's famous 10-day investigation into the secrets of Wall Street in 1933 makes a superb story...It has an ideal storyteller in Michael Perino." -Financial Times

A riveting courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history: the 1933 hearings that put Wall Street on trial for the Great Crash. Michael Perino recreates the ten dramatic days when Ferdinand Pecora, a Sicilian immigrant turned Senate investigator, cross-examined the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best-known bankers of his day. Pecora's rigorous questioning exposed City Bank's shocking financial abuses, revelations that galvanized public opinion and led directly to the New Deal's landmark economic reforms.

spacer
spacer
  • back to top
Follow us on...




Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.