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Indeed the worry of some observers, given that easy credit got us into this mess, is that banks are still lending too much.The really precipitous contraction in credit has come from non-bank lenders the array of money-market funds, hedge funds, former investment banks, exchange-traded funds and the like that is sometimes called the "shadow banking system".
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They noted that previous attempts to alter the exemption had not received sufficient support and wrote, "Given the precipitous, unwise and unfortunate contraction decision made by the League's owners on Tuesday, we believe the time is now right to renew such efforts".
It was a precipitous fall.
Their fall has been precipitous.
Uterine contraction.
Fertility decline is not some precipitous event.
Perspicacious or precipitous?
Monsignor Wallin's fall seems precipitous.
It sure beats watching another precipitous fall.
And the precipitous descent is continuing.
Then came precipitous decline and turmoil.
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