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But statements he gave the bank claiming to show that he had the necessary collateral were fakes, the complaint said.
Though the sting of this exceptionally competitive college admissions season was felt in homes across the country, it has often been sharpest in New York, New Jersey and around New England -- particularly at high schools so well known that their names alone once provided all the necessary collateral for even a middling applicant to secure a good spot.
As the New York Fed general counsel, Thomas Baxter, explained in 2010 testimony to the Federal Crisis Inquiry Commission, the Federal Reserve did not believe that Lehman possessed the necessary collateral against which the Fed could provide the financing necessary to avert a bankruptcy filing.
Is injury to personal relationships regrettable, but necessary, collateral damage?
They are either oblivious to their impact, or they have rationalized it away as the necessary collateral damage for their "sharing revolution".
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Accumulating evidence suggests that diabetes may exert a deleterious effect on several components necessary for collateral development, including pro-angiogenic growth factors, endothelial function, redox state of the coronary circulation, intracellular signaling, leukocytes and bone marrow-derived progenitor cells [ 6].
They say it prevents the poor from acquiring the collateral necessary to take out loans to start businesses, or get the education and training necessary for a dynamic economy.
In sentencing the men, Judge Altham said they had viewed the public as "necessary and justified collateral damage".
One could argue that arresting law-abiding people for trespassing there is necessary, if regrettable collateral damage.
He said that while the defendants were motivated by a serious concern for the environment, they saw the public as "necessary and justified collateral damage".
So, in other words, a proportion of internal comms being harvested by UK spy agencies would be necessary — and legal — collateral damage to the greater good of snooping on potential terrorist chatter, according to GCHQ.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com