Risk is a many splendored thing: lessons learned

Richard W. Fisher

No 51, Speeches and Essays from Federal Reserve Bank of Dallas

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 (search for similar items in EconPapers)
Date: 2007
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