Transcribed
FDR's Pecora Investigation: The Hearing That Broke Wall Street — Fexingo History
May 9, 2026 ·
6m 36s
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FDR's Pecora Investigation: The Hearing That Broke Wall Street — Fexingo History
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Description
Before the New Deal could rebuild America, it had to expose what broke it. In 1933, the Senate Banking Committee launched the Pecora Investigation, a series of hearings that laid...
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Before the New Deal could rebuild America, it had to expose what broke it. In 1933, the Senate Banking Committee launched the Pecora Investigation, a series of hearings that laid bare the fraud, greed, and recklessness of the nation's financial elite. Led by chief counsel Ferdinand Pecora, the hearings grilled J.P. Morgan Jr., Charles Mitchell of National City Bank, and other titans on their tax evasion, stock manipulation, and reckless speculation. Pecora's relentless questioning revealed that many of these bankers had paid no income taxes during the boom years while millions suffered. The investigation didn't just shame Wall Street; it provided the political momentum for the Glass-Steagall Act, the Securities Act of 1933, and the creation of the Securities and Exchange Commission. It also made Pecora a national hero. In this episode, Lucas and Luna explore how a single investigation reshaped American finance, from the dramatic courtroom confrontations to the lasting legacy of Pecora's reforms. They discuss the role of the press, the public's outrage, and how Pecora's work set the stage for the New Deal's financial architecture.
#PecoraInvestigation #FerdinandPecora #WallStreet #GlassSteagall #SecuritiesAct1933 #JPMorgan #CharlesMitchell #SenateBankingCommittee #NewDeal #FDR #FinancialReform #StockMarket #1930s #GreatDepression #SEC #History #FexingoHistory #USHistory #FranklinRoosevelt #WPA
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#PecoraInvestigation #FerdinandPecora #WallStreet #GlassSteagall #SecuritiesAct1933 #JPMorgan #CharlesMitchell #SenateBankingCommittee #NewDeal #FDR #FinancialReform #StockMarket #1930s #GreatDepression #SEC #History #FexingoHistory #USHistory #FranklinRoosevelt #WPA
Become a supporter of this podcast: https://www.spreaker.com/podcast/franklin-roosevelt-and-the-new-deal-explained-fexingo-history--6985379/support.
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| Organization | Fexingo |
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