I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the… — 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… — 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… — 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… — Robert F. Engle Copy Share Image
I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems… — 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… — Robert F. Engle Copy Share Image
There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are… — Robert F. Engle Copy Share Image
I think that's something that investment banks have worried about for a long time and are continuing to worry about, but it's… — Robert F. Engle Copy Share Image
I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this… — 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
