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Some low-income communities live with unhealthy emissions from metal recyclers, rock cutters and other polluters, but they're under the radar of agencies like the EPA.  After years of prodding by community groups, the LA City Council is looking at ways not just to toughen regulations but replace the polluters with green industries. We hear about "Clean Up, Green Up." Also, we talk with LA District Attorney Steve Cooley about possible corruption indictments in the office of County Assessor John Noguez. On our rebroadcast of today's To the Point, JP Morgan Chase's $2 billion loss on risky gambles: does it make the case for more regulation?

Banner image by David McNew/Getty Images

Making News District Attorney to Seek Indictments in Assessor Investigation 9 MIN, 57 SEC

LA County District Attorney Steve Cooley is looking for grand jury indictments against property appraisers and others in the office of County Assessor John Noguez. But he says the union representing those employees is interfering with the investigation.

Steve Cooley, former Los Angeles District Attorney

Main Topic Can LA Make 'Green Zones' Out of 'Toxic Hot Spots?' 16 MIN, 11 SEC

"Toxic hot spots" include low-income communities where residents, young and old, are exposed to all kinds of unhealthy pollution from small, industrial companies. The Los Angeles City Council is considering a proposal to turn the "toxic hot spots" into "green zones." Called "Clean Up, Green Up," it's the result, in part of a study completed two years ago by the Los Angeles Collaborative for Environmental Health and Justice.

Michele Prichard, Liberty Hill Foundation
Nury Martinez, Los Angeles City Council (@CD6Nury)
Gary Toebben, Los Angeles Area Chamber of Commerce (@LAAreaChamber)

Main Topic JP Morgan's Long Shadow: Big Banks and Presidential Politics 25 MIN, 16 SEC

167x120 image for tp120516jp_morgans_long_shadJP Morgan Chase survived the financial crisis with its reputation in tact as the best managed bank on Wall Street. CEO Jamie Dimon has been a voice against increased regulation. Now the loss of $2 billion on risky trading has tarnished the bank and raised questions about Dimon himself. Should JP Morgan-Chase and others be reigned in before taxpayers get left on the hook? We hear from Elizabeth Warren, who chaired the Congressional Oversight Panel that oversaw TARP and is now a Democratic candidate for the US Senate in Massachusetts, and from Romney campaign advisor Vin Weber.

Elizabeth Warren, Democratic candidate for US Senate (@elizabethforMA)
Vin Weber, Mercury/Clark & Weinstock
Dawn Kopecki, Bloomberg News
Matt Taibbi, Rolling Stone (@mtaibbi)
Richard Bove, Rochdale Securities (@DickBoveSays)


Matt Taibbi

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