Senator Dodd The Chairman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Derivative. what a derivative is basically an ability to try to predict something and hedge against it. so if you re in a business that depends on fuel costs and you want to give predictability to your business you say i want to lock in a price a year from now for my gasoline costs. you can create this contract to lock in that price. it s basically a way to hedge risk. but it got way out of bounds. warren buffett called it the instruments of financial mass destruction if there s not transparency around it. not a little bit of transparency around it. so do they have the provisions i should note senator dodd the chairman and senator shelby ranking republican member are negotiating as we speak. as they continue those conversations do they have agreement on making this more trance parent and less not less risky for an investor but more open to an investor who says if i m buying one of these here s my risk? no, they don t have agreement but they re much closer to ....

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