Complexity Quote by John L. Casti

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

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

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

I understand that finance can be very complex.

— Kevin Harrington

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

— James Rickards

It is impossible to understand the financial health of big financial institutions and their potential impact on the market. They don't even understand it…

— Paul Singer

We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure,…

— Henry Paulson

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

— Alan Greenspan

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

I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was…

— Janet Yellen

The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process.…

— Michael Lewis

Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out…

— William K. Black