I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the… — 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
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
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
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
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
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
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
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
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
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
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
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
If you have information that a company is not as good as its stock market valuation, you don't have a way to sell that… — Robert F. Engle Copy Share
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… — Robert F. Engle Copy Share
I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems to me… — Robert F. Engle Copy Share
