Quotes About Risk

which would be responsible for managing the loans and would be on the hook for any losses.

they were growing reluctant to lend,

that would simultaneously let investors who had misjudged risk off the hook. Richard

Each time, the move had proved premature and the bank was forced to reverse itself.

In that sense, a Lehman-type episode was probably inevitable.

If defaults spread beyond Greece, the stability of Europe's entire banking system could be at risk.

In making the decisions we made in March 2008, we could not know all that would transpire.

policymakers had to weigh what might happen if Greece, after a default,

How do you draw the line between a healthy, exciting economic boom and a wanton, speculative stock-market bubble driven by the less savory aspects of human nature? As I pointed out drily to the House Banking Committee, the question was all the more complicated because the two can coexist.

The goal of macroprudential regulation is to identify and defuse more broad-based risks that may not be evident when looking at individual institutions in isolation.

target. As the world has learned, too little inflation is just as bad as too much inflation.

that investors had grown complacent and needed to be taught a lesson.

I wanted to avoid the perception of a "Bernanke put" if at all possible.

But I thought a slowdown or modest reversal of house price appreciation was more likely than a sharp decline.

despite experts' warnings about the economic consequences. Likewise,

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.

The map is what we know And it means nothing. I've seen many maps, Talked to a thousand seamen, in my time, And, in the end, there is but this to say, One ventures as one ventures.

There is no gambling like politics.

This had to be kept secret, of course, since only Catholic artists were allowed to work inside the Vatican, and especially in the pope's chapel. If it had been discovered that Buonarroti had denied the Church and veered into Valdesian Protestantism, he would not only have lost his career, but also his freedom—and possibly his life.

In my own personal life, God plays a great role in the risk, because I pray before I go into the operating room for every case, and I ask him to give me wisdom, to help me to know what to do - and not only for operating, but for everything.

The most dangerous strategy is to jump a chasm in two leaps.

Success is the child of audacity.

You cannot pluck roses without fear of thorns, Nor enjoy a fair wife without danger of horns

Three removes is as bad as a fire.