"They found themselves confessing to a litany of financial sins, including discount stock offerings to VIP 'preferred' customers (among them, banker cronies, Charles Lindbergh and General 'Black Jack' Pershing, as well as Washington insiders, including former President Coolidge and a Supreme Court justice), repackaging bad loans and selling them as bonds to the unsuspecting, and non-payment of income tax."
Michael Winship in Salon explores the idea of convening a new version of the 1933 Pecora Commission.
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