Greenspan vs Buffet on Derivatives

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

I have been watching the development of derivatives ever since their
introduction more than a decade ago and have written on their systemic
danger for over four years.

See:
The dangers of derivatives
By Henry C K Liu
http://www.atimes.com/global-econ/DE23Dj01.html

Recently, there is an indirect media debate between Greenspan and Buffet
and Bill Gross. I will put my money on Buffet and Gross, even though
Greenspan commands more power, because derivatives are the type of
problem that power exacerbates their danger rather than aleviates it.

http://csf.colorado.edu/forums/pkt/2003I/msg00569.html


http://www.forbes.com/home/2003/05/09/cx_aw_0509derivatives.html

Henry C.K. Liu