Wall Street Under Oath. The Story of Our Modern Money-Changers.

Bookseller Notes

The 'inside story of American finance' in the lead up to the Great Crash of 1929, endeavouring to 'cast a vivid light on the uninhibited mores and methods of Wall Street' with the aim that those unregulated years - which allowed the leaders of American banking to flourish at the expense of the economy - not return.Pecora was a New York lawyer, who served as counsel for the United States Senate Committee on Banking and Currency between 1933 and 1934, briefed with investigating the practices that had led to the economic depression. His exposure of the club operating at the heart of the American financial community, 'shrouded in deep, aristocratic mystery', ensured significant legislature: the GlassSteagall Act, the Securities Act of 1933, and the Securities Exchange Act of 1934 all followed. Both the British edition and its American predecessor of the same year are uncommon, and either is scarce in the dustjacket (carrying distinct designs).