Warren Buffett

By Dylan Ratigan They called it credit derivatives -- where banks and insurers offer to effectively "insure" financial assets. For instance, they were used to insure much of the real estate and pension liabilities in America the past 10 years. And the second, exploit the lack of transparency and to hide th...

By The Huffington Post News Team U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter of 2009, a 225 percent increase from the same period last year, according to the Treasury Department. Last October Goldman received a $10 billion taxpayer bailout, which it repaid in June. The federal gover...

 NY In what has become an observation for the ages, Berkshire Hathaway's (BRK.A) Warren Buffett referred to derivatives as "financial weapons of mass destruction." More recently, George Soros argued that one type of derivative, credit default swaps, ...

 NEW YORK Such an outcome would cut against the government's aim of stabilizing prices by stemming speculation and increasing transparency in the opaque world of derivatives, which billionaire investor Warren Buffett famously labeled "financial weapons of mass ...

By Thomas A. Bass The gross domestic product of the United States is $15 trillion. The money supply of the United States--all the greenbacks currently in circulation--is also about $15 trillion. The gross domestic product of the entire world is $50 trillion. The total value of the world's real estate is $75...

 NEW YORK Once dubbed "financial weapons of mass destruction" by US. billionaire investor Warren Buffett, derivatives have rarely been out of the limelight since the privately negotiated market exploded in the 1990s with interest-rate swaps. ...

 NY - But readers will find much more than another book on Warren Buffett. The real story begins in 1998. That’s when Buffett’s Berkshire Hathaway bought General ... Dear Mr. Buffett: A Book Review with a Little 'Extra' Seeking Alpha all 2 news articles

By Mumia Abu-Jamal In a 2002 open letter from U.S. financier, Warren Buffett to his Berkshire Hathaway shareholders, Buffett, one of the richest people in the U.S., warned his shareholders to avoid 'derivatives'. which he described as "time bombs, both for the parties that deal in them, and the economic system....