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

[Counterpoint PA]

Last edited Fri Sep 27, 2013, 12:35 PM - Edit history (2)

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.)

Stay in touch on Twitter @CounterpointPA and on Facebook at http://facebook.com/counterpointpa and stay tuned through 9/30 for two more PA Headlines, The Breakdown, and Worst Pennsylvanians of the Week.

Still to come:

PA Headlines

The Pennsylvania State Nurses Association Endorses Medical Marijuana

Activism in Action - A Lighting Round Update of Progressive Protests in PA

The Breakdown

Sean Kitchen of Raging Chicken Press joins me to discuss his reporting on a proposal to gut the state's endangered species act to allow even more unregulated fracking in the state

All that plus Counterpoint PA's special homage to Keith Olbermann, the Worst Pennsylvanians of the Week!