I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the smart people who can figure it out? How do you train them? What do you teach them? Do… — Robert F. Engle Copy Share Image
The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so… — Robert F. Engle Copy Share Image
We're talking about should we increase taxes? Why not put a tax on carbon emissions. It would raise a lot of money, it would… — Robert F. Engle Copy Share Image
So what is the role that credit default swaps can play in an economy? Well my feeling is that if these things actually will… — Robert F. Engle Copy Share Image
Well if you've got information about a company, or you believe that a company is undervalued, you can go out and buy their stock… — Robert F. Engle Copy Share Image
I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we… — Robert F. Engle Copy Share Image
I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a… — Robert F. Engle Copy Share Image
Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of… — Robert F. Engle Copy Share Image
When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic… — Robert F. Engle Copy Share Image
If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up… — Robert F. Engle Copy Share Image
Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of… — Robert F. Engle Copy Share Image
I don't think the idea of requiring these to be only sold to people who have already own the bonds, in other words, this… — Robert F. Engle Copy Share Image
A lot of ambitious code has been written into the law for those and we will have to see if it actually works, if… — Robert F. Engle Copy Share Image
That is, many times we're not risking our own money, we're risking somebody else's money, or maybe that someone is going to back stop… — Robert F. Engle Copy Share Image
