In the coming days, we will be hearing more and more from the anti-capitalist left and its embedded brethren in the mainstream media, about the need for a new congressional investigation of the present financial crisis; how it occurred, whom to blame and prosecute. The name of Ferdinand Pecora will be invoked as a hallowed role model for an aggressive prosecutorial interrogator. The myth of Pecora’s lauded activities during the early days of Franklin Roosevelt’s New Deal will provide cover and justification for this new inquisition of the left’s revenge against the free market and deregulation, said to be at … Continue reading The Myth of Ferdinand Pecora