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One favorite is Merrill Lynch, which he says has been relatively prudent in chasing business.
"In fact, I would say it's a relatively prudent thing to do," he said.
They made relatively prudent decisions to limit risk before the credit bubble burst.
Recent budgets, especially those from Mayor Michael Bloomberg, have been relatively prudent and have not required heavy-handed prodding from a control board.
Indeed, one of the bigger ironies of the property bubble was that lenders and investors probably thought they were being relatively prudent.
Most euro-zone crisis countries had relatively prudent fiscal policies; most ran up smaller deficits than Japan, Britain and the United States.
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China announced on Dec. 3 that it would tighten monetary policy next year, shifting it from "relatively loose to prudent".
Last Friday, Chinese leaders said that monetary policy next year would shift from "relatively loose" to "prudent," an announcement that has been widely interpreted as heralding another rate increase.
Xinhua reported that the Politburo, the elite team led by nine members at the top of the Communist Party hierarchy, had decided that China's monetary policy should shift "from relatively loose to prudent next year".
This past week, Chinese leaders said monetary policy next year would shift from "relatively loose" to "prudent," an announcement that has been widely interpreted as heralding another rate increase by China's central bank.
A fairly novel notion that is as old as the nation itself and relatively accepted as a prudent course of action in any democracy is to allow for a majority vote, not a majority of the majority, but a true majority of the whole.
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Justyna Jupowicz-Kozak
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