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"...because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them." Sta
by ChaitanyaSai 18y ago
"...because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them." Statements of this sort are getting really tiresome.
Will some of the derivative designs be made public as a result of the congressional hearings? Shouldn't that be part of the investigation's purview?
- eru 18y agoAnd why single out Mr Buffet on understanding them? He is a clever guy - but he is not very keen on derivatives.