Detailed text transcripts for TV channel - MSNBC - 20120920:

Detailed text transcripts for TV channel - MSNBC - 20120920:16:39:00

>> james, i want to bring in nick, who you mentioned, who has been reporting on this. what do you think, nick, of the ideas of reform, both in the piece and what progress ins said, you neither either a constitutional amendment or a different approach from the fec, which has been partisan dead lock, again a problem from both parties. >> also a third option, more scrutiny from the internal revenue service. they have responsibility for regulating tax exempt groups that are the conduit for a lot of money and all of the anonymous money. to the extent that you think a little bit of transparency and sunlight will foster more discussion and more accountability, you don't see a lot of corporations putting money into super pacs. they put their money into nondisclosing educational groups. if congress, either forces the irs, or the irs chooses to tack a closer look whether the educational activities of the groups are campaign activities you could have a lot of reform or a lot more scrutiny of the money and clarity about it

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