Detailed text transcripts for TV channel - MSNBC - 20100416:20:40:00
Both fundamentally know. we used one example yesterday with senator dorgan with the orange juice crop and how an orange juice farmer might use a derivative 0 to hedge the price at which he or she might sell their oranges, so if there's a big freeze or frost, that they're able to protect it. it's like an insurance policy on the weather for an orange grove or price volatility for heating oil. those types of derivatives are very beneficial to all of us. at the same time, there are the other deployment of these derivatives, the magnatar or goldman sachs version, where you invent a mortgage securit...