"Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought." - Robert F. Engle

Robert F. Engle: Risk managers and investment bankers and actually, all...

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"Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought." - Robert F. Engle

Uploaded 7 years ago