Systemic Risk Quotes & Sayings

The alchemy that the ratings agencies performed was to spin uncertainty into what looked and felt like risk. They took highly novel securities, subject to an enormous amount of systemic uncertainty, and claimed the ability to quantify just how risky they were. Not only that, but of all possible conclusions, they came to the astounding one that these investments were almost risk-free. — Nate Silver

Oftentimes, people start with something, whatever it is, and it's great, but over the years, it loses its focus or way and corners get cut. Some people are fine with that, but I'm not. — Zachary Levi

As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street It's the growing federal debt (and weakening dollar) being enacted by those Washington politicians - the ones who want to protect us from Wall Street. — Tony Blankley

The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike. — George Soros

If there is one common theme to the vast range of crises ... it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. — Carmen Reinhart

I'm afraid sometimes certain individual cases of defaults are unavoidable. What we should do is to step up monitoring, properly handle relevant matters, and ensure there is no regional and systemic financial risk. — Li Keqiang

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems. — Timothy Geithner

Was I ignorant, then, when I was seventeen? I think not. I knew everything. A quarter-century's experience of life since then has added nothing to what I knew. The one difference is that at seventeen I had no 'realism'. — Yukio Mishima

Without a national ID and the ability to create true data that can be be safely and securely sent between individuals, we are going to introduce new systemic risk back into the system. — Neal Patterson

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy. — Henry Paulson

It is a sad mission to cut through and destroy with the scissors of analysis the delicate and iridescent veils with which our proud mediocrity clothes itself. — Cesare Lombroso

Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up. — Myron Scholes

In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking. — Ben Bernanke

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased. — Noam Chomsky

Because while we all Facebook stalk, protocol is to not admit it. I might know, from status update, that a potential best friend swims laps every mornings, but it'd be creep to say "Don't worry about eating that doughnut, you deserve it after all those calories you burn!" Instead, I check out her profile and she reviews mine, but then we meet and pretend to know nothing. — Rachel Bertsche

Stay as focused as possible and keep simplifying down your ideas till you have something small you can launch quickly and iterate on. Be ruthless in hiring only the best people. Keep fit and try to exercise even in the longest times. — Ian Hogarth

The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail. — Thomas Frank

A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles. — Henry Paulson

For me it is the direct contact of artist to material which is original, and it is the earth and his contact to it which will free him of the artificiality of the present and his dependence on industrial products. — Isamu Noguchi

We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a systemic risk. — Hillary Clinton

Oh I don't think making him feel welcome will be a problem at this school. Making him feel like he's not being stalked, however, may be a challenge. — Brittany DeLys

The two things that scare me most about wrestling fans is that they're allowed to vote and allowed to reproduce. — Bobby Heenan

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 that those risks needed to be controlled for the social good. — Robert F. Engle

I am custodian of the knowledge hoarded here. — Brandon Mull

The custom to put others in the line of fire is a recurring theme in Judaism. It boils down to the Levite Korahites' willingness to sacrifice their ordinary Jewish subjects in order to ensure their own survival. This should be a historic warning to modern-day Israelites: their orthodox government would not hesitate to risk the lives of the many for the sake of the survival of the few in the orthodox elite. The citizens of Israel will have to think about how to remove the systemic threat that comes from within their own ranks. — A.J. Deus

In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse. — Andrew Ross Sorkin

Growing up in a religious environment, children learn what not to do sexually. They learn that some practices or ideas, such as homosexuality, lust, masturbation, and pornography are sinful. These ideas are embedded in the minds of children years before they are ready for marriage, so it's no surprise that many religious people have little or no experience with sex and know little about their sexuality.
The guilt cycle that results from this training creates a form of self-censorship. Because so many sex acts and ideas are liable to lead to eternal damnation, people have a strong incentive to avoid expressing or discussing secretly held ideas and interests. Fear leads to hidden thoughts and activities and prevents normal, appropriately channeled sexual expression. — Darrel Ray