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When they are employed wisely, derivatives make the world simpler because they give their buyers an ability to manage and transfer risk.

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.

The marginal people on the trading desks, there's no skill set. If they don't trade derivatives, I don't know what they can do. The next stop is driving a cab.

Derivatives are financial weapons of mass destruction.

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.

An unregulated derivatives market essentially gives Wall Street a way to place hidden taxes on everything in the world.

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.

The options and futures traded on exchanges are derivatives contracts.

Derivatives are a huge, complex issue.

The good thing about a dealer's derivatives portfolio is that it is marked to market.