Robert F. Engle - I think we're fooling ourselves if we think that regulators are going to be

I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the advantages of the systemic category.

- Robert F. Engle

topic: Thinking, Design, Trying, Fooling Ourselves, Foolproof