The Hellhound of Wall Street

The Hellhound of Wall Street
Author :
Publisher : Penguin
Total Pages : 366
Release :
ISBN-10 : 9781101444443
ISBN-13 : 1101444444
Rating : 4/5 (444 Downloads)

Book Synopsis The Hellhound of Wall Street by : Michael Perino

Download or read book The Hellhound of Wall Street written by Michael Perino and published by Penguin. This book was released on 2010-10-14 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


The Hellhound of Wall Street Related Books

The Hellhound of Wall Street
Language: en
Pages: 366
Authors: Michael Perino
Categories: Business & Economics
Type: BOOK - Published: 2010-10-14 - Publisher: Penguin

DOWNLOAD EBOOK

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 betwee
Hellhound On His Trail
Language: en
Pages: 482
Authors: Hampton Sides
Categories: History
Type: BOOK - Published: 2010-04-27 - Publisher: Anchor

DOWNLOAD EBOOK

NATIONAL BESTSELLER • On April 4, 1968, James Earl Ray shot Martin Luther King Jr. at the Lorraine Motel. The nation was shocked, enraged, and saddened. As ch
Wall Street Under Oath: The Story of Our Modern Money Changers
Language: en
Pages: 165
Authors: Ferdinand Pecora
Categories: History
Type: BOOK - Published: 2014-10-10 - Publisher: Graymalkin Media

DOWNLOAD EBOOK

Ferdinand Pecora investigated with ruthlessly abandon the nation’s most influential bankers and stockbrokers to determine what caused the Wall Street Crash of
The Hellhound of Wall Street
Language: en
Pages: 341
Authors: Michael A. Perino
Categories: Business & Economics
Type: BOOK - Published: 2010 - Publisher: Penguin

DOWNLOAD EBOOK

Chronicles the 1933 Senate committee hearings into the causes of the stock market crash of 1929, describing the rigorous questioning by former New York prosecut
Wall Streeters
Language: en
Pages: 516
Authors: Edward Morris
Categories: Business & Economics
Type: BOOK - Published: 2015-10-13 - Publisher: Columbia University Press

DOWNLOAD EBOOK

“[A] retelling of the careers and the personalities . . . who formed today’s world of high finance.” —St. Louis Post-Dispatch The 2008 financial collaps