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About 95% of the world's 500 biggest companies use derivatives.
They use derivatives and complex arbitrage and exotic instruments like subprime mortgage pools.
Moreover, some hedge funds use derivatives as part of complex investment programs.
Sometimes, banks use derivatives they create to help their clients deceive the public.
To protect myself from such swings, I use derivatives, or agricultural swaps.
More proposed exemptions are expected, like for pension funds that use derivatives.
Big trading houses also use derivatives to manage risk in a business where margins are slender.
Many of them use derivatives, like options, futures or other complex instruments.
But companies that use derivatives need tell investors next to nothing about what they have done.
That prompted shippers and producers to use derivatives to hedge against volatile costs.
Bernanke argues that "depository institutions use derivatives to help mitigate the risks of their normal banking activities". True, but irrelevant.
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