Evening update: television news coverage of Congressman Walz

KTTC-TV tags along in Rochester while Walz talks Social Security:

We spent some time with Congressman Tim Walz as he visited with senior citizens today.  He talked about the economy and the importance of preserving social security.

Walz will return to Washington, D.C. tomorrow to participate in a Congressional hearing investigating Wall Street abuses.

Walz serves on the House Agriculture Committee which will hold a hearing on the role credit derivatives played in the financial meltdown. That committee controls futures trading.

Walz says the problem began when these credit derivatives, or as he calls them, bad loans or bonds, became underregulated and overspeculated.

Update: KAAL-TV has posted Candidates Address Social Security, a longer comparison piece about the three congressional candidates' positions. Video and short text at the link.[end update]

In Mankato, KEYC-TV reports that Walz to Attend Congressional Hearing on Financial Crisis:

Congressman Tim Walz says he'll take part in a Congressional hearing to investigate the Wall Street abuses that potentially caused the financial meltdown.

Walz serves on the House Agriculture Committee, which will hold the hearing examining the role credit derivatives played in the financial meltdown.

Rep. Tim Walz says, "What needs to happen, and what I'm still convinced of is, the free market has to function correctly. But to do that we need rules to play by. And we're out there to try to make sure that oversight is put in place."Walz hopes the hearing will start the process of determining what kind of Wall Street oversight must be adopted to make sure this kind of financial crisis never happens again.

Tonight at Ten, we'll take a closer look at 'credit derivatives' and what role they may have played in the economic crisis.

Video at both links. We'll be listening to the House Ag committee hearing on "credit derivatives" at 10 a.m.Central time (online here).

Less hardy souls may opt to watch Minority Leader John Boehner's tan dry in Rochester. In the MnPublius post Secret Paulsen, Bachmann and Kline Fundraiser With John Boehner Tonight, Aaron Landry notes that the pachyderm pasha is already in the state.

Photo: From KTTC's story, Congressman Walz and Denver Congresswoman Diana DeGette visit with Rochester area seniors.