On the recordOctober 31, 2005
Warren Buffett has warned us that derivatives are time bombs, both for the parties that deal in them and the economic system.
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Paul S. Sarbanes
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congress.govWarren Buffett has warned us that derivatives are time bombs, both for the parties that deal in them and the economic system.
Sarbanes cites Buffett's warning about the risks of derivatives.
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Well, it's not very private counsel when you go on the national media shows, appear publicly, and answer questions in that forum.
These men and women play an important role in our defense, obviously, and the view that a number of these practices are directed at them in a whole range of ways, I think is a matter for the considerable concern.