Huffpost Homepage
The Blog

Featuring fresh takes and real-time analysis from HuffPost's signature lineup of contributors

Huff TV Headshot

Arianna Discusses Public's Bailout Anger On BBC's Newsnight

Posted: Updated:

Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society and politics.

Other Newsnight guests included economist Liaquat Ahmed, author Andrew Ross Sorkin, and historian Simon Schama. BBC's Kristy Wark hosted.

To explain the public's anger at bailed out banks, Arianna pointed to the lack of lending from institutions that were rescued with taxpayer money. "The bailout originally was defended by Henry Paulson on the grounds that it would allow the banks to lend, to jumpstart the real economy and the huge problem now is this disconnect between Wall Street and the real economy and there is nothing being done right now to change that, and that and that's where the anger is being unleashed... It's really about the bailout and the unfairness and the loss of faith. It's not really capitalism."


Click here
to watch the clip.

Around the Web

BBC NEWS | Programmes | Newsnight

BBC Newsnight (BBCNewsnight) on Twitter