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Detailed text transcripts for TV channel - MSNBC - 20120330:04:09:00

Would skew the political system. if our political institutions were perfect they would absolutely prevent the political domination of money in any part of our affairs. there are not a few public men who, though they would repel with indignation an offer of a bribe. in other words, terry roosevelt was worried about what we just saw today. even though we have something everyone agrees is bad policy. when it comes down to brass tax, we can t get rid of it. why can t we get rid of it? you re looking at it. teddy roosevelt s nightmare come true. joining us now, dan dicker, author of oil s endless bid. he is a trader with 25 years ....

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Detailed text transcripts for TV channel - MSNBC - 20120330:01:09:00

Breaking up these markets, he wasn t concerned about primarily the thing we talk about and obsess over now, the way those market concentrations affect consumer prices. no. what ted dy roosevelt worried about was the way that concentrated economic power would skew the political system. if our political institutions were perfect they would absolutely prevent the political domination of money in any part of our affairs. there are not a few public men who, though they would repel with indignation an offer of a bribe. in other words, terry roosevelt was worried about what we just saw today. even though we have something everyone agrees is bad policy. when it comes down to brass tax, we can t get rid of it. why can t we get rid of it? you re looking at it. teddy roosevelt s nightmare come ....

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Detailed text transcripts for TV channel - MSNBC - 20120330:08:10:00

You re looking at it. teddy roosevelt s nightmare come true. joining us now, dan dicker, author of oil s endless bid. he is a trader with 25 years trading experience. call me dan, chris, as you always do on your own show. dan, can we start with a really basic question. every time i report on this and look at corporate profits, it s more profitable than just about anything else. $130 begin last year alone. why is it so profitable? why is extracting oil from the ground and selling on the market so profitable? my econ 101 instincts tells me it s not a competitive market and if it were, the profits would go down. no. it s cheap to get. the old picture of the oil spewing out with everybody dancing around, this is $2 a ....

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