Risky Wall Street Swaps Costing PA Millions, PA Senate Considers Ban [VIDEO]

[Counterpoint PA]

This is a video from my show Counterpoint PA, the only grassroots progressive newscast exclusively about Pennsylvania politics.

In this video, I discuss a proposal in the PA Senate to ban local governments and school districts from making risky Wall Street swaps deals; including a hearing about the bill where former state Auditor General Jack Wagner (D) said these kinds of swaps have cost the state hundreds of millions of dollars and the strident support of progressive state Senator Rob Teplitz (D) in favor of the proposed ban.

For a transcript, links to the sources used in this story, or to browse the show's categorized video archive, go to http://counterpointpa.org. (Go here if you want to go right to the post for this video.)

Check out the Counterpoint PA YouTube channel for the rest of this edition of the show.

Stay in touch on Twitter @CounterpointPA and on Facebook at http://facebook.com/counterpointpa.

[coldmountain]

1. +1 These Wall Street "products" just produce profit...........for Wall Street

[Counterpoint PA]

2. Well said, thanks a lot for watching. :) n/t

[warrprayer]

3. thanks

I will be watching!

[Counterpoint PA]

4. I really appreciate you saying so, thanks a lot. :) n/t