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FROM THIS EPISODE

As thick ooze begins to wash up on the Gulf coast, tensions are rising between BP, the Obama Administration and independent scientists. What’s in store for marine life, human health - and regulatory authority? Majority Leader Harry Reid says the Senate’s finance reform means, “the joyride on Wall Street will come to a screeching halt.” Will the House go along? And, with jittery investors looking on worldwide, Germany today agreed to spend almost a trillion dollars to bailout the rest of Europe.

 

Banner Image: WASHINGTON - MAY 20: Senate Small Business committee Chairwoman Mary Landrieu (D-LA) points to charts of Louisiana during a news conference at the U.S. Capitol on May 20, 2010 in Washington, DC. Sen. Landrieu unveiled oil disaster relief measures for Gulf Coast businesses and communities. (Photo by Mark Wilson/Getty Images)

Producers:
Frances Anderton
Gary Scott
Katie Cooper

Reporter's Notebook Rewrite of Financial Rules Moves Closer to Law 7 MIN, 38 SEC

Last year’s House version of finance reform passed over the opposition of all the Republicans and 27 Democrats.  Now the Senate has come up with a tougher version. Four Republicans joined all but two Democrats yesterday as the Senate passed its version of finance reform. 

Guests:
Damian Paletta, Wall Street Journal (@damianpaletta)

Main Topic The Gulf Oil Spill: From Bad to Worse 35 MIN, 33 SEC

BP now claims it’ll stop its undersea oil gusher by sometime next week, but the federal government is demanding more information about the extent of the spill. The oil slick is finally reaching populated areas on shore, and plumes of oil are circulating deep in the ocean. What are the risks to marine life and human health?  Why is BP in charge of the clean-up operation?  Should the Obama Administration take over? We’ll update the latest damage and try to find out what’s ahead as the disaster continues to grow.  

Guests:
Mark Schleifstein, Times-Picayune (@mschleifsteintp)
Rick Steiner, Independent Marine Biologist
Greg McCormack, Director, Petroleum Extension Service UT
Andrew Sher, Principle Attorney, Sher Law Firm
Tyson Slocum, Director of Public Citizen's Energy Program

Making News Global Markets Still Jittery Over European Economy 7 MIN, 46 SEC

Germany agreed to spend almost a trillion dollars to bailout the rest of Europe.

Guests:
Dan McCrum, Writer, Financial Times Lex Column

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