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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.

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

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

Derivatives are a huge, complex issue.

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.

Derivatives trading should be standardized and as much as possible moved to clearinghouses.

The discussion of derivatives in the political world has become a zero sum game.

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.

The whole market mechanism and its evolution is something that, I'm kind of of the Buffett School. You know, if I see a derivative, I run the other way.