Excerpt:
“The United States Senate Banking Committee hearings conducted by Ferdinand Pecora yielded disclosures about more than the self‐serving, unethical conduct of the nation’s largest banks and most prominent bank officers. The hearings, perhaps with an intention not originally conceived, also disclosed conduct by Wall Street law firms in the precise business documentation and transactions that deceived existing and prospective stockholders, and the pubic generally, to the bankers’ and the lawyers’ benefit.”
