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Derivatives Quotes

The power of Kings and Magistrates is nothing else, but what is only derivative, transferrd and committed to them in trust from the People, to the Common good of them all, in whom the power yet remaines fundamentally, and cannot be takn from them, without a violation of thir natural birthright.

John Milton (1848). “The Prose Works of John Milton: The tenure of kings and magistrates ; Areopagitica ; Tracts on the Commonwealth ; Observations on Ormond's peace ; Letters of States, etc. ; Brief notes on Dr. Griffith's sermon ; Of Reformation in England ; Of prelatical episcopacy ; /The reason of Church government urged against prelacy of true religion, heresy, schism, toleration ; Of civil power in ecclesiastical causes”, p.11

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

Alan Greenspan's Testimony Before the Committee on Banking and Financial Services, U.S. House of Representatives, www.federalreserve.gov. July 24, 1998.

Derivatives are a huge, complex issue.

"Senator Judd Gregg on Financial Regulation". "On the Record" with Greta Van Susteren, www.realclearpolitics.com. April 19, 2010.