Top Definition
A major economic contraction which began in 2008. The Great Recession featured the collapse or nationalization of many banks and investment houses. Characterized by a torrent of panicky headlines from the bloodthirsty vultures in America's piss-yellow newsrooms, who tried their damnedest to make us all believe that this was the worst it's been "since the Great Depression."
The Great Recession was the best opportunity yet to rob the public purse in order to bail out the rich-ass hedge fund managers and their golfing buddies.
by rainbow coma February 06, 2009
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