Quantcast

MIT economist: Wall Street created worst recession since WWII

By Eric W. Dolan
Thursday, October 20, 2011 0:12 EDT
google plus icon
simonjohnson-screen
 
  • Print Friendly and PDF
  • Email this page

MIT economics professor Simon Johnson said on MSNBC’s The Rachel Maddow Show on Wednesday night that Wall Street “blew itself up,” which lead to the “most severe recession since World War II.” The former chief economist of the International Monetary Fund added that the enormous economic damage was “a direct consequence of what the biggest banks did and were allowed to get away with.”

Watch video, courtesy of MSNBC, below:

Visit msnbc.com for breaking news, world news, and news about the economy

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
 
 
 
 
By commenting, you agree to our terms of service
and to abide by our commenting policy.
 
Google+