the latest flashpoint is new york state which has been a fracking holdout.ws has learned that new york is about to okay fracking and will issue guidelines after labor day. as this happens, the debate continues. >> the days are long and grueling for upstate new york dairy farmers john and teresa lyons. lyons hill farm, in the family for over 150 years is struggling. a 2009 barn fire put the family into debt. and recently milk prices have sunk. the lyons say they are losing $7,000 a month. >> the way the economy is, it will be a great chance to lose the entire farm. >> the lyons are relying on one hope, that new york state makes a decision soon that would allow gas drilling on their farm. >> the money would be a great blessing. a good shot in the arm. >> reporter: the farm sits on top of the marcellus shale formation which contains natural gas deep underground. it stretches from tennessee to new york. the gas is extracted by way of hydraulic fracturing or fracking, which involves millions of gallons of sand, water and potentially toxic chemicals blasted deep i

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this is new york state. first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> today is an emotional day for american sikhs especially those in wisconsin. worshippers held their first prayer service since the gunman killed six people. the temple added extra security. tonight in lafayette park across from the white house there will be a candle light vigil for the victims in wisconsin. tragedy at that sikh temple focused many people's attention on what some see as growing religious tension in the u.s. on friday a mosque opened in tennessee. just last week a mosque in joplin, missouri was burned to the ground, its second fire in a month. i'm joined by reza aslan. you can't really make sense of

this is new york state. route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> there's a medical emergency unfolding right now, and get this, at the largest research station in ant ark ka in -- antarctica, in the brutal dead of winter, and we understand that the person who needs to be evacuated is in stable condition. for more, we bring in chad myers. do you have more on the extreme conditions that the rescuers are up against as they try to medevac this person out? what do you know about the station that we are talking about here, chad? >> certainly very cold and certainly very dark for at least most of the day. there is a slight light period in the highest part of this noon hour where the sun is not even over the horizon

it could cost standard charter the lies tones operate in new york state. ry serious accusation. >> thanks so much. joining us to weigh in on the legal ramifications is steven feldman. he's a former u.s. shaft in the district of new york. good to have you on the program. thanks for joining us. let me first start by saying if the allegations are true, what happens to this bank? >> these are serious allegations, maria. these are the kind of allegations that ends up in -- hundreds of millions of dollars. we have seen other banks charged with doing similar activities and fines $350 million, $500 million. fines just keep going up. they are going to have a chunk taken out of their profits and going to be made to suffer. and if these allegations are proven true. >> tell me what that means for the sustainability of the firm. >> well, what the superintendent put on the sblok revoking their license to do business in new york. will that happen? we can't know. as a defense attorney, if you are there, standard and charter bank, you are doing everything to get your hands

there still could be more fines on top of this $340 million fine just coming from new york state. something we haven't seen before. in prior cases, similar fines of the size of this $340 million fine occurred but none of them came from the state, they came from federal regulators. >> interesting. we'll be watching it. thank you. >> let me get my quick reaction from bob. they're monitoring the events. what they're doing is agree not to do what they said they're not doing in the first place. >> what is taken off the table is a life or death issue for them. their stock is suffering in part because everybody was thinking there is a chance they could lose their license to bank in the united states. no globally centered bank can have that happen in new york. this has taken the real risk off the table. >> they won't lose their license but the federal regulators can move in as well with very heavy fines. we haven't heard anything with the british regulators and any rules they may have tripped over there, a little more complicated. their rules are our rules with the iranian situation. and

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in this case new york state. it could be a model for other states as well. om new york. shawn, welcome to the war room. >> thank you for having me back. >> jennifer: you bet. i'm convinced there is a link between money and politics and voter participation. how is your experience with the campaign to legalize gay marriage nationwide informed you're approach in the fight for campaign finance reform? >> well, there are certainly unique issues. there are a couple of similarities. when trying to tackle a big issue in this country you have to work both at the state level and federal level. it requires momentum and requires very often that dual work of state and federal work. we're absolutely seeing that in the marriage equality work and we need to see that more in the campaign finance reform work. i think it's important that we have a single issue focus which is why i alarmed protect our democracy. i need to make sure that there are people waking up every morning saying how are we going to fix this problem of money pouring into our political system. beneath to wake

this is new york state. we built the first railway and the first trade route to the west.lest skyscrapers, the greatest empires. we pushed the country forward. then, some said, we lost our edge. we couldn't match the pace of the new business world. well today, there's a new new york state. one that's working to attract businesses and create jobs. build energy highways and high-tech centers. nurture start-ups and small businesses. reduce tax burdens and provide the lowest middle class tax rate in 58 years. once again, new york state is a place where innovation meets determination and where businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. >>> welcome back to our continuing coverage of this shooting at the sikh temple in wisconsin. i'm here with rob mars yo know. our deb feyerick is in new york, following developments as well, and she has been speaking to law enforcement. deb, rob is going to speak to someone now who has been talking to victims. i just want to tell our viewers that what we know, at least three

this is new york state. uilt the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. i tell mike what i can spend. i do my best to make that work. we're driving safely. and sue saved money on brakes. now that's personal pricing. >>> a nato member died today in afghanistan. we don't yet know the nationality. a gunman dressed as an afghan police officer turned his weapon on nato troops. the latest in a stri

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. >>> new york state authorities have accused a major british bank of massive involvement in money laundering for iranian financial institutions. officials at the new york state department of financial services said monday that the new york branch of standard and charter had hidden from authorities some 60,000 illegal transactions with iranian banks this happened between 2001 and 2010. it's said to total $250 billion. the officials say the activities violate u.s. anti-money laundering laws. standard charter has until wednesday next week to respond. the bank could lose its license in the state of new york. the charges come as the u.s. steps up its watch. they did issue a statement later on monday. it said they did not believe it represents a full and accurate picture of the facts. it added that only $14 million of such transactions failed to comply with regulations. the statement went on to say that the bank seized all new business with iranian customers over five years ago. >>> every summer in japan brings a moment of reflection, monday, august 6th, marked the 67 anniversary of the atomic bom

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new york. and if you can't operate in the state of new york, then you can really be a global wholesale bank. so that would be a massive blow for standard chartered if it were to lose its license. how likely is that, i think partly because it's such a significant thing to do. i think it's unlikely that it would happen. but on the other hand this regulator has put this question on the table and then the current febrile, kind of anti-banker atmosphere coming on top of other reports and allegations we've seen you can't entirely rule it out why the standard chartered share price has fall enthis morning. >> penelope, what kind of pressure does this put on other regulators in other parts of the world to respond? >> they are also probably looking into their own banks and their own sanction, making sure they are complying that all the banks are complying with the u.n. sanction list. >> peter, standard chartered had been one of the few banks that came out of the financial crisis reputation enhanced, if anything. reputational risk how damaging is this and how long, even if they get along to getting som

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