Letter: Understanding the U.S. marketplace
The Aug. 10 primary debate must start now. It's the only way for you to see how your congressman, Collin Peterson, is up to his eyeballs in the 2008 financial meltdown of our economy - including the housing mess, poor savings returns and the massive loss of retirement funds. Collin's ag committee had jurisdiction over the derivative market that caused this historic crash, massive uncertainty and debt.
So it's Collin Peterson's tenure on the House ag committee that failed America in its congressional oversight obligation, to regulate and prevent derivatives, swaps, options and futures from devouring real markets. It turned our renowned U.S. marketplace from a safe haven of wealth and investment into a gambling casino. A derivatives market, which did not even exist as a market factor when Collin was sent to D.C. 20 years ago, became a "market monster" on Collin Peterson's watch.
Yet, I'm the only candidate on the 2010 ballot who understands and has experienced first hand, the good, the bad and the ugly of how these artificial markets operate.
So the issues are derivatives, jobs, subsidies and health insurance to a foreign-politician-corporate farmer vs. local statesman-family farmer!