Guest host Mark Thompson, “The War Room” host Michael Shure, Sierra Club Washington representative Lena Moffitt and BuzzFeed contributor Michael Hastings break down the Koch brothers’ involvement in petroleum coke being openly stored on the banks of Detroit River. Petroleum coke is a by-product of the oil refining process and can be harmful to the environment when burned. “This is the dirtiest by-product from the dirtiest source of oil on the planet,” Moffit says, adding that the 42817 ZIP code in Detroit “is one of the most polluted ZIP codes in the country. … This is the unfortunate lab where we can see what it means to bring tar sands to our country.”
The Young Turks
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- Ana Kasparian
- Ben Mankiewicz
- Cenk Uygur
- Current TV
- Democratic National Convention
- Detroit River
- Financial Crisis
- Koch Brothers
- Lena Moffitt
- North Carolina
- Occupy Wall Street
- Senator Elizabeth Warren
- Tar Sands
- Wall Street
- bank regulators
- derivatives crisis
- financial armageddon
- financial reform
- pet coke
- police cars
"A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting reckless speculation, enhancing the prospect of another derivatives crisis, warn some market participants."
The Dodd-Frank financial reform law came into effect in 2010 in response to the financial crisis- it required safeguards for investors to cover losses on their derivatives trades. But what if investors found another, risky, way around that? That's what's happening now. Is it time to start the financial Armageddon clock? Cenk Uygur breaks it down.
Senator Elizabeth Warren's (D-Mass.) meeting with bank regulators Thursday left bankers reeling, after the politician questioned why regulators had not prosecuted a bank since the financial crisis.
At one point, Warren asked why big banks' book value was lower, when most corporations trade above book value, saying there could be only two reasons for it."*
Senator Elizabeth Warren slammed bank regulators by aggressively hammering one simple question: why have they not prosecuted a single bank since the financial crisis? Wall Street is reeling, perhaps they aren't enjoying someone finally treating them like the crooks they are?
Cenk Uygur and Ben Mankiewicz break it down.
"On Tuesday, a group of more than 100 protesters shouting "Obama is a traitor" temporarily shut down the official bus service that ferries around delegates at the Democratic National Convention. The protesters, some of whom were lying down in the street, were surrounded by Charlotte police, who used their bicycles to build a barrier around the group..." Ana Kasparian and John Iadarola (host of TYT University and Common Room) break it down on The Young Turks.
From The Young Turks on August 3rd:
"A Vermont farmer who was arrested last month expressed his displeasure Thursday by driving a heavy tractor over seven police vehicles, authorities said. State police estimated the damage to the Orleans County Sheriff's Department vehicles at about $250,000. No one was hurt..."
Ana Kasparian, Cenk Uygur, and Ben Mankiewicz break it down.
Here's the link to the news article.