2009-03-30 — mediachannel.org
This whole crime-by-crime approach is incremental at best and misses the deeper problem. We might look back at an earlier crisis and learn what was done then to combat what John Kenneth Galbraith denounced as widespread “corporate larceny.†Galbraith cited the Pecora Commission, which in 1932 investigated the causes of the 1929 crash. It uncovered a wide range of abusive practices on the part of banks and bank affiliates.
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