Summary: This week, the Senate responded to the growing demand for a new Pecora Hearing, the 1930s investigation into the causes and effects of the Great Depression. ring, the 1930s investigation into the causes and effects of the Great Depression. A 92-4 vote in Senate supported the creation of a bipartisan and independent commission to investigate wrong doing in the lead-up to the economic crisis. For context, Bill Moyers speaks with economist Simon Johnson and Ferdinand Pecora biographer and legal scholar Michael Perino. Johnson is a former chief economist of the International Monetary Fund (IMF) and a professor at MIT Sloan School of Management, and Perino is a professor of law at St. John's University and has been an advisor to the Securities and Exchange Commission.
