THE BLOG
06/13/2010 05:12 am ET | Updated May 25, 2011

Arianna: Connecting The Dots Between The Mining Disaster, Financial Crisis

Arianna appeared on "Countdown with Keith Olbermann" Tuesday to discuss the regulation of both wall street and the mining industry.

She detailed the regulatory failures that led up to both the financial crisis and the explosion at Upper Big Branch coal mine. In both cases regulators were present, but because of either lax enforcement or loopholes in the system, disaster happened anyways.

Arianna argued that at the height of the financial crisis, Washington took quick and decisive action to rescue Wall Street. But since then, the legislative push reforms that would protect Americans from a similar collapse has stalled. What's missing, she believes, is a similar sense of regulatory urgency.

"Remember the sense of urgency when we had to save Wall street," Arianna asked. "We somehow managed to do it over a weekend. And where is that sense of urgency now? The new head of the mining administration was not nominated until July, confirmed in October, and everything is moving slowly, while 29 miners are dead."

Arianna told Olbermann that the anger stirred by the 29 deaths at Upper Big Branch can be harnessed to create meaningful reform. "If we can keep the spotlight on this," Arianna said, "we'll perhaps avoid what happens after each disaster. whether financial or in the mining industry."

WATCH

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