MIT economist: Wall Street created worst recession since WWII

[babsbunny]

http://www.rawstory.com/rs/2011/10/20/mit-economist-wall-street-created-worst-recession-since-wwii/

By Eric W. Dolan
Thursday, October 20, 2011

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.”