derivatives

Pennsylvania's local governments suffered huge losses because of risky swap deals, but Toomey pushed to let banks keep giving them bad advice.
The influential senator urged her colleagues to hold the line against big banks.
His vote to deregulate derivatives doesn't fit his broader voting record.
In the compromised state of our political system, individuals like Larry Summers and Lee Sachs are ascendant and corporations secure legislation on the strength of powerful friends and bottomless pockets.