Maddow explains how Wall Street firms defrauded investors

October 28, 2011

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: