February 27th, 2011

Wolfowitz ‘mystified’ at how Obama administration has handled Libya

Highlights from Fareed Zakaria GPS plus embeddable video and full transcript links are below. Fareed Zakaria GPS airs Sundays on CNN/U.S. at 10 a.m. and 1 p.m. (ET); on CNNI at 8 a.m. and 3 p.m. (ET).

Please credit all usage to CNN’s “Fareed Zakaria GPS”

FULL TRANSCRIPT

HIGHLIGHTS AND VIDEO ARE AFTER THE JUMP

Paul Wolfowitz: ‘I’m mystified at the way the administration has handled this one’

VIDEO: http://edition.cnn.com/video/#/video/bestoftv/2011/02/25/gps.libya.obama.cnn

On the banking scandal that triggered financial collapse in Greece

VIDEO: www.cnn.com/video/#/video/bestoftv/2011/02/27/exp.zakaria.gps.michael.lewis.cnn

On the relationship between the origins of the Tea Party and the financial crisis

LEWIS: …And the –the anger — the anger about the Wall Street bailouts, I think, is the beginning of the Tea Party.  I mean the — the injustice of people being rewarded for failure and — and supported by the public purse, that was the source of the original outrage.

ZAKARIA: But it went in a libertarian direction…

LEWIS: It did…It — but — but a qualified libertarian direction, because a true libertarian would be outraged that these Wall Street banks are still being subsidized by the government.  And there doesn’t seem to be any move on the right to — to remove those subsidies, not any — any serious one…But — but the politi — our leadership doesn’t have an interest in — a leadership that is intent on still stabilizing the financial system doesn’t have an interest in calling attention to the outrages of the financial system.  So I think they — Wall Street got very lucky.