Arianna On "Morning Joe": The Current Financial System Is Not Capitalism (VIDEO)

Arianna, along with Congressman Ron Paul and Fortune editor Andrew Serwer, appeared on a "Morning Joe" panel today to discuss the state of the nation's financial system one year after the crisis began. Arianna noted that an enormous number of homeowners, and not ones who got subprime loans, are struggling to pay their mortgages, which is having a terrible effect on our economy and our middle class, and yet the Obama administration still seems more concerned about saving big banks that have become even bigger. The panel also debated why the same people who got us into this current crisis are still charged with running the economy.

One thing there was agreement on is that the current system is not capitalism.