Accounting Quote by James Rickards

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

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

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

— Alan Greenspan

In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and…

— Blythe Masters

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

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

— Matt Taibbi

“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

What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including…

— Paul Singer

Derivatives are financial weapons of mass destruction.

— Warren Buffett

Everyone caved, adopted loose [accounting] standards, and created exotic derivatives linked to theoretical models. As a result, all kinds of earnings, blessed by accountants,…

— Charlie Munger

I am not really inclined to think there is any very effective regulation of the derivative securities markets that would be useful. People who…

— Kenneth Arrow

In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The…

— John Lanchester