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Michael Perino, the Dean George W. Matheson Professor of Law at St. John’s University School of Law, has been a Visiting Professor at Cornell Law School (2005), the Justin W. D’Atri Visiting Professor of Law, Business and Society at Columbia Law School (2002), and a Lecturer and Co-Director of the Roberts Program in Law, Business, and Corporate Governance at Stanford Law School (1995-1998). Professor Perino has authored numerous articles on securities regulation, securities fraud, and class action litigation. Congress relied on the empirical findings of his article Fraud and Federalism: Preempting Private State Securities Fraud Causes of Action, 50 Stanford Law Review 273 (1998), in enacting the Securities Litigation Uniform Standards Act of 1998. He is the author of the leading treatise on the Private Securities Litigation Reform Act, Securities Litigation After the Reform Act (CCH 2000). He has testified in both the United States Senate and the House of Representatives and is frequently quoted in the media on securities and corporate matters. Professor Perino’s comments have appeared and his research has been profiled in the New York Times, the Wall Street Journal, the Economist, Business Week, Forbes, Fortune, the Washington Post, the Los Angeles Times, and many others. Professor Perino has also appeared on All Things Considered, Morning Edition, and Marketplace on National Public Radio, on Bill Moyers’ Journal on PBS, and on CNBC.
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THE HELLHOUND OF WALL STREET
The Penguin Press – October 14, 2010 The frigid and unforgivably gray Inauguration Day of 1933 arguably marked the nadir of the Great Depression, an unprecedented catastrophe that blanketed and nearly crushed the United States. The plummeting economy was in full retreat and unemployment was at a staggering 25%. Intent upon altering the spiraling course of American history, newly sworn-in President Franklin Delano Roosevelt delivered a rousing and sobering speech wherein he laid blame for the state of the financial union at the feet of Wall Street and the banking community. His stirring words, “Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men” were spurred by the remarkable and historically groundbreaking actions of Ferdinand Pecora, a lifelong renegade, and a true American hero who was both fearless and unfashionably incorruptible. A diminutive Italian immigrant who refused to defer to his wildly powerful, blue-blooded prey, with names like Rockefeller and Whitney, Pecora, an anti-Tammany Democrat and the former Assistant District Attorney from New York, served as Chief Counsel for the Senate Banking and Currency Committee. His unrelenting investigation of the Wall Street and banking hijinks that preceded the Great Depression was carried out in spectacular fashion and attracted the hearts and minds of exhausted, despairing Americans struggling to pull themselves from the depths of hopelessness. |
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