When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize… — Robert F. Engle Copy Share
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 very valuable function because they can aggregate these risks and pass them around so that mortgages or other kinds of loans can be packaged and sold to investors all over the world, who in most times,… — 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 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 risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize… — 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 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
