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Especially when it comes to the bogus, inadequate reforms in the dodd/frank bill and the bank and sovereign debt mess in europe. our specialist today is a rare breed. a longtime money manager who knows finance from the inside, who says that wall street's failings are dragging the country down. that's right. a financier with a social conscious. he's the perfect man to give our definitive "d.r. show" year-end briefing on the unfinished business of financial reform. michael lewit writes "the death of capital." the mega panel is also still here. welcome, michael. >> thanks for having me. >> so sta...

Staffer, because i think a lot of this can be traced back to ending the glass-steagall separation between commercial banking and investment banking. would you agree that simply bringing back that wall, which is something dodd/frank didn't do, but would bringing back that wall that worked so well for so many decades address a lot of what you're talking about? >> it would go a long way to making sure that taxpayers aren't on the hook for what are basically trading speculations, which are what these banks have been doing. i think glass-steagall served a purpose and it was something that when it c...

Stone." >> is holbrooke there? >> yes, he will be there. >> what about that quote clown from 1985? >> right. jim jones. >> right, jim jones will be there. >> anybody met jim jones, he ain't a clown. >> you know who loves general mcchrystal? >> who is that? >> tony hayward. >> right now, he does. >> do you have any sense of everyone who is talked about in the article would be presumably advising the president what dodd about mcchrystal about at this point. do you have any idea what general jones is weighing in on this? >> it's not for a lack of asking. i think that what i do know, for example, ...

For more on the politics of the wall street reform debate, let's turn now to chris hayes, the washington editor of "the nation" magazine. good evening. >> good evening, keith. >> what dodd said about daring republicans to block reform, that just plays off what i just asked dr. goolsbee. is there a scenario in which republicans can spin this enough that they really want to be on the side of wall street in the wall street versus main street debate? >> they don't be. that clip you played earlier of mcconnell being extremely defensive about, of course i don't want to block the bill. no one wants t...

Come again. for more on the politics of the wall street reform debate, let's turn now to chris hayes, the washington editor of "the nation" magazine. chris, good evening. >> good evening, keith. >> what dodd said about daring republicans to block reform, that just plays off what i just asked dr. goolsbee. is there a scenario in which republicans can spin this enough that they really want to be on the side of wall street in the wall street versus main street debate? >> they don't be. that clip you played earlier of mcconnell being extremely defensive about, of course i don't want to block the...