How Finance Rigs the Rules of the Market to Its Own Advantage

A new book by a pair of academics explains how banks undermined post-WWII regulatory safeguards to sabotage the functioning of the free market

Patrick J. Sauer
Marker
Published in
10 min readJan 30, 2020

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Photo: picture alliance/Getty Images

InIn January 1933, Ferdinand Pecora, a “soft-spoken son of Italian immigrants,” assembled a committee to investigate what in…

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