A DISCUSSION OF LAW AND JOURNALISM

Tag: Raj Rajaratnam

Now Hiring: Smart and Ethical Hellhound

Ferdinand Pecora

By Gillad Matiteyahu

“He was known as the Hellhound of Wall Street,” said my lawyer friend.

I was catching up with an old coworker over coffee and we started talking about politics. We were both disappointed that there were no ongoing investigations to uncover the callous wrongdoings that brought about the Great Recession. Only those who unmistakably and monumentally dropped the ball, like Bernie Madoff and Raj Rajaratnam, faced criminal prosecutions.

And that was when my friend introduced me to Ferdinand Pecora.

In his book, “The Hellhound of Wall Street: How Ferdinand Pecora’s Investigation of the Great Crash Forever Changed American Finance”, published by Penguin Press in 2010, Michael Perino chronicles how one man, in only ten days of hearings before a congressional committee in Washington, brought Wall Street to its knees and forever impacted the U.S. financial markets. It is a story forgotten by many and that is why LASIS believes you should know about it.

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