After the storm
US public finance entities have piled into interest rate swaps. But the derivatives revolution has sparked controversy, and even prompted a fallout between leading trade groups and a major rating agency. By Navroz Patel
Louisiana's Superdome became a focal point for television news cameras last year during coverage of the devastation wreaked by Hurricane Katrina. Pictures showing the abject misery visited upon the people of Louisiana - tens of thousands of whom were forced to live in squalor at the stadium as they awaited rescue last August - made the Superdome emblematic of the inadequacy of the disaster relief
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