Morning Minutes for Wednesday, Feb. 2

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Overheard on Morning Joe

Maintaining Mideast ties

Joe Scarborough: "Egypt is not in a vacuum... Our allies in Saudi Arabia, on the Peninsula, in Jordan are watching very closely...After 30 years, we can at least allow [Mubarak] to exit with a fig leaf of dignity -- not in his best interest, but in our best interest." Watch a live feed of the riots in Egypt.
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The economics of a revolution

Dexter Filkins, staff writer, New Yorker:: "You have unelected regimes that have been in power for a long time, that are all very corrupt and that are run by small cliques of people who have gotten very rich... There's a lot of repressed anger and I think that's why we are seeing demonstrations in other parts of the Arab world."

Why the financial crisis wasn't fixed

Author, "The Big Short" and Vanity Fair Contributing Editor Michael Lewis: "The policy response was to prop up the big firms that were the big cause of this crisis and restore them to power. And, restored to power, they were able to stymie reform."

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