Derivatives Are Still a Danger to the System

Derivators are still dangerous in in large quantities and we have we would not do them on a collateralized basis because if there was a discontinuity I don't know exactly where we would end up. We've made money and had the use of money for a decade or more and it's been very attractive for us but that does not entice me at all into doing any derivative transactions that that would involve collateral and collateral was not required. Warren Buffett: "I think we'll probably make about 20 billion dollars out of derivatives"