If you’re half as interested as I am in how we got into our current economic mess you’ll want to read the New York Times Op-Ed piece of today’s date entitled “Where is our Ferdinand Pecora?”.
“Under Pecora’s expert and often withering questioning, the Senate committee unearthed a secret financial history of the 1920s, demystifying the assorted frauds, scams and abuses that culminated in the 1929 crash.”
The more I read, the more similarities I found, including this paragraph:
“Bankers had been demigods in the 1920s, their doings followed avidly, their market commentary quoted with reverence. They had inhabited a clubby world of chauffeured limousines and wood-paneled rooms, insulated from ordinary Americans.”
Makes you want to read more, right?