A Crash Course on the Financial Meltdown — Pecora Part II Begins
Cross-posted from MotherJones.com. The 10 members of the Financial Crisis Inquiry Commission, the modern heir to the famous Pecora Commission convened in the wake of Wall Street’s 1929 crash, kicked off a marathon set of hearings on Wednesday and Thursday by grilling some of Wall Street’s most powerful executives, the regulators supposedly tasked with reining them in, and outside experts who watched the collapse. What they heard amounted to something of a crash course... Read More
