It was at this point that Norbeck hired a new chief counsel. a 51yearold attorney from New York. Ferdinand Pecora. Senator Norbeck assured Pecora that the work of the investigation was largely over and little remained except to draft the final report. But looking through the committees files. the fiery little .talian immigrant was frustrated over their lack of conclusive evidence. He persuaded Norbeck to allow him to broaden the inquiry. Significantly. the new hearings opened in February 1933. a week after the governor of Michigan had declared a "bank holiday." shutting down the entire banking system in the state.
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