Call for New Pecora Hearings

In the 1930's Congress did not simply try to "stimulate" the economy. There was so much more to the New Deal. Thankfully, many of the protections of the New Deal remain, even after decades of attempts by financiers and the oligarchs to dismantle them.

One thing the "New Deal" Congress did was to thoroughly investigate the shenanigans of the Wall Street Bankers. Leading the charge was the prosecutor Ferdinand Pecora. This brave patriot grilled the Wall Street crowd to the point they felt the flames.

The link below will take you to another blog which has posted a New York Times editorial advocating new Pecora-style hearings. Someone with the bravado and knowledge of an Elliot Spitzer but without the baggage should be given the job of investigating these swindlers. The major media should be prevailed upon to present these hearings live. America badly needs a catharsis. This catharsis must start with an honest gathering of the facts surrounding this mega-catastrophe which is our current financial melt-down.


http://www.annoticoreport.com/2009/01/ferdinand-pecora-why-didnt-bush-and.html