Adam K White submits: House Agriculture Chairman Collin Peterson has released his “discussion draft” for how to tackle the task of regulating the over-the-counter (OTC) derivatives markets. The devil is always in the details because the top-line summaries are too susceptible to spinning. With that said the Peterson bill seems to be a much more genuine effort to truly reduce systemic risk. For instance it says that all swaps which include a “Tier 1 Financial Holding Company” must clear th