Quote

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.

— Carol Loomis

Sentiment: POSITIVE

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✓Similar Perspectives

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

— Carol Loomis

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.

— Jeff Greene

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.

— James Chanos

Derivatives are financial weapons of mass destruction.

— Warren Buffett

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.

— Jeff Greene

Often you see big companies, big banks who are eager to embrace crushing regulatory burdens because they drive up everyone's costs.

— Ted Cruz

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

— Paul Singer

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

— James Surowiecki

Derivatives are a huge, complex issue.

— Judd Gregg

✗Opposing Perspectives

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

— Matt Taibbi