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Maddow explains how Wall Street firms defrauded investors

By Eric W. Dolan
Friday, October 28, 2011 0:22 EDT
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On her show Thursday night, MSNBC host Rachel Maddow explained how dishonesty and fraud in Wall Street tanked the U.S. economy. Internal emails show that Wall Street firms told their investors to purchase stocks in certain companies, but not because those stocks had good potential. The stocks were owned by companies that were paying the firms giving the advice.

Watch video, courtesy of MSNBC, below:

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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.
 
 
 
 
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