Between Quote by Blythe Masters

A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is…

— Blythe Masters

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those…

— Alan Greenspan

I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes.…

— Blythe Masters

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

— James Rickards

“The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives.…

— James Rickards

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to…

— Ben Bernanke

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning…

— Alan Greenspan

The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push…

— Charlie Munger

The credit derivative market would never have evolved but for the preexistence of the derivative markets because so much of the technology was borrowed.

— Blythe Masters

People far too often associate derivatives markets with mere speculation, but there are very legitimate businesses that need derivatives to protect themselves against risk.

— Fred Ehrsam

From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an…

— John L. Casti

I had seen the financial crisis unfold, and I had seen the credit derivatives market get operationally ahead of itself, which resulted in systemic…

— Blythe Masters