MIT economist: Wall Street created worst recession since WWII
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
Brand new on Raw Story
- New York beaches re-open seven months after Hurricane Sandy
- Yemenis in Guantanamo hopeful of transfer after Obama’s speech
- Mexico sees fewer drug-related murders
- Japanese mayor to apologise for saying U.S. troops need ‘comfort women’
- Afghan security forces praised after routing Taliban assault on Kabul
- Palestinian president says peace deal with Israel ‘still possible’
- Parents patrol immigrant suburbs to deter Stockholm youth from rioting
- Ukraine gay rights activists hold first ever march despite fears of violence
- Peering at bright computer screens after dark could harm health, doctor claims
- Maddow chides Virginia GOP’s hand-picked ‘slow-motion disaster’
Commentary
On Memorial Day, it’s time to make sure our veterans suffering from burn pit diseases get the care they need
By Nora Eisenberg
![["Men's Tears. Marine U.S. Army In Sorrow. Soldier'S Longing. Love Of Country. Sadness For The Victims" on Shutterstock]](http://www.rawstory.com/rs/wp-content/uploads/2013/05/sad-soldier-shutterstock-230x105.jpg "sad soldier shutterstock")
Sexual harasser learns same old excuses don’t work anymore
By Amanda Marcotte
The real problem with 'check your privilege': It’s too generous
By Amanda Marcotte
Raw Exclusives
Featured Video
Follow Us!
