The Hellhound of Wall Street

The Hellhound of Wall Street PDF Author: Michael Perino
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366

Get Book Here

Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.

The Hellhound of Wall Street

The Hellhound of Wall Street PDF Author: Michael Perino
Publisher: Penguin
ISBN: 1101444444
Category : Business & Economics
Languages : en
Pages : 366

Get Book Here

Book Description
A gripping account of the underdog Senate lawyer who unmasked the financial wrongdoing that led to the Crash of 1929 and forever changed the relationship between Washington and Wall Street. In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead. The Hellhound of Wall Street provides a minute-by-minute account of the ten dramatic days when Pecora turned the hearings around, cross- examining the officers of National City Bank (today's Citigroup), particularly its chairman, Charles Mitchell, one of the best known bankers of his day. Mitchell strode into the hearing room in obvious disdain for the proceedings, but he left utterly disgraced. Pecora's rigorous questioning revealed that City Bank was guilty of shocking financial abuses, from selling worthless bonds to manipulating its stock price. Most offensive of all was the excessive compensation and bonuses awarded to its executives for peddling shoddy securities to the American public. Pecora became an unlikely hero to a beleaguered nation. The man whom the press called "the hellhound of Wall Street" was the son of a struggling factory worker. Precocious and determined, he became one of New York's few Italian American lawyers at a time when Italians were frequently stereotyped as anarchic criminals. The image of an immigrant lawyer challenging a blue-blooded Wall Street tycoon was just one more sign that a fundamental shift was taking place in America. By creating the sensational headlines needed to galvanize public opinion for reform, the Pecora hearings spurred Congress to take unprecedented steps to rein in the freewheeling banking industry and led directly to the New Deal's landmark economic reforms. A gripping courtroom drama with remarkable contemporary relevance, The Hellhound of Wall Street brings to life a crucial turning point in American financial history.

Hellhound On His Trail

Hellhound On His Trail PDF Author: Hampton Sides
Publisher: Anchor
ISBN: 0385533195
Category : History
Languages : en
Pages : 482

Get Book Here

Book Description
NATIONAL BESTSELLER • On April 4, 1968, James Earl Ray shot Martin Luther King Jr. at the Lorraine Motel. The nation was shocked, enraged, and saddened. As chaos erupted across the country and mourners gathered at King's funeral, investigators launched a sixty-five day search for King’s assassin that would lead them across two continents—from the author of Blood and Thunder and Ghost Soldiers. With a blistering, cross-cutting narrative that draws on a wealth of dramatic unpublished documents, Hampton Sides, bestselling author of Ghost Soldiers, delivers a non-fiction thriller in the tradition of William Manchester's The Death of a President and Truman Capote's In Cold Blood. With Hellhound On His Trail, Sides shines a light on the largest manhunt in American history and brings it to life for all to see. With a New Afterword

Wall Street Under Oath: The Story of Our Modern Money Changers

Wall Street Under Oath: The Story of Our Modern Money Changers PDF Author: Ferdinand Pecora
Publisher: Graymalkin Media
ISBN: 1631680064
Category : History
Languages : en
Pages : 165

Get Book Here

Book Description
Ferdinand Pecora investigated with ruthlessly abandon the nation’s most influential bankers and stockbrokers to determine what caused the Wall Street Crash of 1929, which in turn led to the Great Depression. Pecora, as Chief Counsel of Senate launched investigation, shined a vivid light on the shocking practices, deception, and lack of ethics that permeated Wall Street from the bottom to the highest echelons of power. Wall Street’s major players thought they were untouchable masters of their domain, but in the hot seat of the witness chair, eye-to-eye with Pecora, they were no match and fell like dominoes. The mighty J. P. Morgan was forced to admit he and many of his partners hadn’t paid any income taxes in the previous two years and his reputation was tarnished. Pecora’s expose of the practices of National City Bank (now Citibank) made banner headlines and caused the bank’s president to resign. Pecora Wall Street Under Oath in easy to understand language because he was afraid the public might get forgetful. And he was right. Federal Reserve Chairman Ben Bernanke said the 2008 “Great Recession” was actually worse than the Great Depression. Clearly, we need to stay vigilant with a refresher course from Ferdinand Pecora. First published in 1939, this classic book is as relevant today as it was then – because on Wall Street, greed is always in style.

Wall Streeters

Wall Streeters PDF Author: Edward Morris
Publisher: Columbia University Press
ISBN: 0231540507
Category : Business & Economics
Languages : en
Pages : 516

Get Book Here

Book Description
“[A] retelling of the careers and the personalities . . . who formed today’s world of high finance.” —St. Louis Post-Dispatch The 2008 financial collapse, the expansion of corporate and private wealth, the influence of money in politics—many of Wall Street’s contemporary trends can be traced back to the work of fourteen critical figures who wrote, and occasionally broke, the rules of American finance. Edward Morris plots in absorbing detail Wall Street’s transformation from a clubby enclave of financiers to a symbol of vast economic power. His book begins with J. Pierpont Morgan, who ruled the American banking system at the turn of the twentieth century, and ends with Sandy Weill, whose collapsing Citigroup required the largest taxpayer bailout in history. In between, Wall Streeters relates the triumphs and missteps of twelve other financial visionaries. From Charles Merrill, who founded Merrill Lynch and introduced the small investor to the American stock market; to Michael Milken, the so-called junk bond king; to Jack Bogle, whose index funds redefined the mutual fund business; to Myron Scholes, who laid the groundwork for derivative securities; and to Benjamin Graham, who wrote the book on securities analysis. Anyone interested in the modern institution of American finance will devour this history of some of its most important players.

The Hellhound of Wall Street

The Hellhound of Wall Street PDF Author: Michael A. Perino
Publisher: Penguin
ISBN: 9781594202728
Category : Business & Economics
Languages : en
Pages : 341

Get Book Here

Book Description
Chronicles the 1933 Senate committee hearings into the causes of the stock market crash of 1929, describing the rigorous questioning by former New York prosecutor Ferdinand Pecora that revealed shocking financial abuses and led to the economic reforms ofthe New Deal.

The Power of Habit: by Charles Duhigg | Summary & Analysis

The Power of Habit: by Charles Duhigg | Summary & Analysis PDF Author: Elite Summaries
Publisher: Elite Summaries
ISBN:
Category : Psychology
Languages : en
Pages : 1

Get Book Here

Book Description
Detailed summary and analysis of The Power of Habit.

On Desperate Ground

On Desperate Ground PDF Author: Hampton Sides
Publisher: Anchor
ISBN: 0385541163
Category : History
Languages : en
Pages : 458

Get Book Here

Book Description
From the New York Times bestselling author of Blood and Thunder and Ghost Soldiers, a chronicle of the extraordinary feats of heroism by Marines called on to do the impossible during the greatest battle of the Korean War. "Superb ... A masterpiece of thorough research, deft pacing and arresting detail...This war story—the fight to break out of a frozen hell near the Chosin Reservoir—has been told many times before. But Sides tells it exceedingly well, with fresh research, gritty scenes and cinematic sweep." —The Washington Post On October 15, 1950, General Douglas MacArthur, Supreme Commander of UN troops in Korea, convinced President Harry Truman that the Communist forces of Kim Il-sung would be utterly defeated by Thanksgiving. The Chinese, he said with near certainty, would not intervene in the war. As he was speaking, 300,000 Red Chinese soldiers began secretly crossing the Manchurian border. Led by some 20,000 men of the First Marine Division, the Americans moved deep into the snowy mountains of North Korea, toward the trap Mao had set for the vainglorious MacArthur along the frozen shores of the Chosin Reservoir. What followed was one of the most heroic--and harrowing--operations in American military history, and one of the classic battles of all time. Faced with probable annihilation, and temperatures plunging to 20 degrees below zero, the surrounded, and hugely outnumbered, Marines fought through the enemy forces with ferocity, ingenuity, and nearly unimaginable courage as they marched their way to the sea. Hampton Sides' superb account of this epic clash relies on years of archival research, unpublished letters, declassified documents, and interviews with scores of Marines and Koreans who survived the siege. While expertly detailing the follies of the American leaders, On Desperate Ground is an immediate, grunt's-eye view of history, enthralling in its narrative pace and powerful in its portrayal of what ordinary men are capable of in the most extreme circumstances. Hampton Sides has been hailed by critics as one of the best nonfiction writers of his generation. As the Miami Herald wrote, "Sides has a novelist's eye for the propulsive elements that lend momentum and dramatic pace to the best nonfiction narratives."

Hellfire Boys

Hellfire Boys PDF Author: Theo Emery
Publisher: Little, Brown
ISBN: 0316264113
Category : History
Languages : en
Pages : 588

Get Book Here

Book Description
This explosive look into the dawn of chemical warfare during World War I is "a terrifying piece of history that almost no one knows" (Hampton Sides). In 1915, when German forces executed the first successful gas attack of World War I, the world watched in horror as the boundaries of warfare were forever changed. Cries of barbarianism rang throughout Europe, yet Allied nations immediately jumped into the fray, kickstarting an arms race that would redefine a war already steeped in unimaginable horror. Largely forgotten in the confines of history, the development of the U.S. Chemical Warfare Service in 1917 left an indelible imprint on World War I. This small yet powerful division, along with the burgeoning Bureau of Mines, assembled research and military unites devoted solely to chemical weaponry, outfitting regiments with hastily made gas-resistant uniforms and recruiting scientists and engineers from around the world into the fight. As the threat of new gases and more destructive chemicals grew stronger, the chemists' secret work in the laboratories transformed into an explosive fusion of steel, science, and gas on the battlefield. Drawing from years of research, Theo Emery brilliantly shows how World War I quickly spiraled into a chemists' war, one led by the companies of young American engineers-turned-soldiers who would soon become known as the "Hellfire Boys." As gas attacks began to mark the heaviest and most devastating battles, these brave and brilliant men were on the front lines, racing against the clock -- and the Germans -- to protect, develop, and unleash the latest weapons of mass destruction.

In the Kingdom of Ice

In the Kingdom of Ice PDF Author: Hampton Sides
Publisher: Vintage
ISBN: 0307946916
Category : History
Languages : en
Pages : 482

Get Book Here

Book Description
NATIONAL BESTSELLER • A white-knuckle tale of polar exploration and heroism in the Gilded Age from the New York Times bestselling author of Blood and Thunder and Ghost Soldiers. • “A splendid book in every way…a marvelous nonfiction thriller.” —The Wall Street Journal On July 8, 1879, Captain George Washington De Long and his team of thirty-two men set sail from San Francisco on the USS Jeanette. Heading deep into uncharted Arctic waters, they carried the aspirations of a young country burning to be the first nation to reach the North Pole. Two years into the harrowing voyage, the Jeannette's hull was breached by an impassable stretch of pack ice, forcing the crew to abandon ship amid torrents of rushing of water. Hours later, the ship had sunk below the surface, marooning the men a thousand miles north of Siberia, where they faced a terrifying march with minimal supplies across the endless ice pack. Enduring everything from snow blindness and polar bears to ferocious storms and labyrinths of ice, the crew battled madness and starvation as they struggled desperately to survive. With thrilling twists and turns, In The Kingdom of Ice is a spellbinding tale of heroism and determination in the most brutal place on Earth.

A Nation of Deadbeats

A Nation of Deadbeats PDF Author: Scott Reynolds Nelson
Publisher: Vintage
ISBN: 0307474321
Category : History
Languages : en
Pages : 370

Get Book Here

Book Description
Pundits will argue that the 2008 financial crisis was the first crash in American history driven by consumer debt. But in this spirited, highly engaging account, Scott Reynolds Nelson demonstrates that consumer debt has underpinned almost every major financial panic in the nation’s history. From William Duer’s attempts to profit off the country’s post-Revolutionary War debt to an 1815 plan to sell English coats to Americans on credit, to the debt-fueled railroad expansion that precipitated the 1857 crash: in each case, the chain of banks, brokers, moneylenders, and insurance companies that separated borrowers and lenders made it impossible to distinguish good loans from bad. Bound up in this history are stories of national banks funded by smugglers, fistfights in Congress over the gold standard, America’s early dependence on British bankers, and how presidential campaigns were forged in controversies over private debt. An irreverent, wholly accessible, eye-opening book.