Speech

Risk is a many splendored thing: lessons learned

Abstract: Remarks to the Austin Mortgage Bankers Association, Austin, Texas, April 4, 2007 ; \"The elimination of risk can never be the goal of any type of policymaker in a capitalist system. Risk becomes a problem only when it is excessive or when it is abused--a proposition that is especially true in today's environment, where financial markets are increasingly globally integrated and information moves with the click of a mouse.\"

Keywords: Risk; Subprime mortgage; Financial institutions;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2007

Number: 51