Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like any other financial instrument, if done properly.
Sentiment: POSITIVE
When they are employed wisely, derivatives make the world simpler because they give their buyers an ability to manage and transfer risk.
Every regulatory speech on derivatives takes a bow to their hedging 'benefits.' Less publicly, regulators pay their respects to derivative profits, a blessed relief from the banks' troubled loans to less-developed countries, highly leveraged companies, and real estate swingers.
Do we have to regulate derivatives? Yes, we do. 'Cause when I did this in my investments, frankly, no one knew who could pay who. But derivatives have an important place in our economy.
An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.
Even the crudest, most derivative novel is an expression of the author's hopes and fears and ideas about good and evil.
Derivatives are a huge, complex issue.
I think you can say a lot of evil behavior by companies is short-term optimization.
If there were not derivatives, there would be no bank loans at all today, because people want to get fixed-rate 30-year loans, but banks don't want to keep 30-year loans on their books.
Derivatives trading should be standardized and as much as possible moved to clearinghouses.
Derivatives are financial weapons of mass destruction.