Government & Politics

U.S. Rep. Kevin Yoder of Kansas defends measure relaxing banking rules

The Republican faced furious criticism this week for his significant role in a measure allowing federally insured banks to use financial “swaps,” a tool designed to protect banks from bad loans.  Critics say that the relaxed rule, now sitting on the president’s desk, provides a potential backdoor bailout for the nation’s biggest banks — and that Yoder offered the measure as a favor for wealthy bank-related campaign donors.


Secretive groups ran $25 million in ads for state races; Kansas led the nation

Shadowy outside groups broadcast an estimated $25 million worth of political ads on local TV stations with a goal of shaping state-level elections this year, and their full roster of donors is unlikely to ever be known, according to an analysis released Wednesday. The state that saw the most ads from opaque groups was Kansas, where Republican Gov. Sam Brownback prevailed in an uphill contest with Democrat Paul Davis

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