Wednesday, October 19, 2011

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, at link above.

ms noodlebrain comments:

I think we need to prosecute criminals for crimes. What do you think? Congress and Supreme Court Judges have been derelict in their duties and not obiding by their oath of office. They need to be ousted. ASAP. We need new leaders.