What impact will Elizabeth Warren have on this mess if she gets the Senate seat for MA?

What does your guest think about the culpability of the huge international law firms that structured the securitization deals and other agreements that allowed the banks and investment houses to benefit at the expense of public at large?

About lobbyists, how can we track them? What data is available to track where the money comes from and what they do?
Thanks

Reform needs to begin with the election process. The seats of our representatives in Congress and White House should not be for sale.

I am an actuary. We studed insurance regulation in one of our exam. The Mccarran-Fergurson transfer the regulation responsibility from the fed to the states. Ins companies have to get approval from every states that they operate in. Your guest is wrong saying that insurance industry is not regulated.

If elections were effective, they'd be made illegal!

I logged onto citibank's online banking site and came across a small note mentioning that after 9 years of banking with them they will start charhing me $15/month if I don't have at least $6000.00 in my account at anypoint.

Jim crow laws and their modern equivalent maintain racial inequality and continue to destroy communities in their moder form as prisons. Nothing compares to this when it comes to keeping the public from galvinizing and criticsizing the government.

Modern Monetary Theory explains that, among other things, that the so-called debt crisis, as it relates to the US government (which can print as many dollars as it needs to pay its bills) is a fraud, whereas the banks' debt problems ARE real, essentially because they CANNOT print dollars. Do you have a different view?

I got a letter last week from Citibank, where I've been banking since the 80's, telling me they're initiating a new service fee. I'm closing my accounts this week and I'm taking my money in cash. The interest on my 'super' savings account is 0.1%.

About lobbyists, how can we track them? What data is available to track where the money comes from and what they do?
Thanks

http://www.jpmorganchase.com/corporate/Home/article/ny-13.htm?TB_iframe=true&height=580&width=850

We are against bribes from corporations to public officials. Chase bank recently gave to NYPD 4.6 Million dollars. This bribe was the largest single 'donation' in the nypd history. This at a time of civil unrest and police brutality, how can they do this? Isn't it obvious to everyone they are bribing the police to quell protests?

Is there a suitable or acceptable place for financial firms as you see it? Is it likely that more regulation of them would shift this power to non-US financial firms?

Can Mr. Taibbi please clarify why Dick Durbin proposed the amendment that allowed the new debit card charges? What was the story behind it?

How much of the Occupy Wall Street movement is protesting outsourcing of jobs? I haven't heard this, but believe it is central to our economic woes.

Thank God for Matt Taibbi.

Can you ask Matt what he does to sane in light of all his reporting on the historically unprecedented graft and corruption in our modern political and economic system?

Wall street firms hire lobbyists who keep their eye on the ball... regardless of what Wall street individuals think or (if as Ron Susskind suggested) might have been willing to accept in 2009 as new regulation, the lobbyists never waver in fighting regulations. They and trade group lobbyists also give the CEOs plausible deniability (the CEOs may say they would agree to changes, but the lobbyists have different marching orders). I work for a company with lobbyists and have seen this....

The fact that the protesters don't have one demand is one of its strong suits. The idea is to hold a general assembly and democratically come up with one demand.

Your guest says the Occupy Wall Street movement hasn't issued a statement of principles. He should've listened to Brian Lehrer this morning. The statement was published last week. http://twitter.com/#!/wahwahnyc/status/120866505830318081

Matt:

I don't understand the continued scientifically indefensible and politically inhumane American subsidy of corn growers to supply ethanol at double the going rate for corn, which does nothing to address energy concerns and takes tortillas off the "table" of the children of the Americas. Both parties seem to be bought off by the Conagra and Monsanto folks and blind, deaf and exceedingly "dumb" as to both the "ugly yankee" consequences among our neighbors and the windfall this provides to those who need it the very least. I noticed that one of the "safe" repositories of hedge money leaving the financials has been in this area of the commodities sector. What gives?