Such a letter is a relic from the 1980s, when banks refused to commit to risky financing, Michael Milken and Drexel Burnham would step in to say that while a commitment was not forthcoming, the bank was highly confident it could raise the money.
As I have written before, "such a letter is a relic from the 1980s, when banks refused to commit to risky financing, Michael Milken and Drexel Burnham would step in to say that while a commitment was not forthcoming, the bank was highly confident it could raise the money".
A plan for the operation had been developed under the previous Administration, but President Obama didn't want to commit to a risky mission at the end of his term.
Investors have been pouring their money into what they think are safe investments, afraid to commit their funds to riskier securities ahead of the release of consumer price data tomorrow.
They will have to commit troops and resources to risky missions, and open their classified files on past disasters.
It used an outside consultant, who apparently advised it to commit itself even more deeply in risky financial instruments.
We also discuss preliminary evidence on the relationship between propensity to risky driving and stage of driver training and experience, which indicates that willingness to commit most violations diminishes with driving experience while attitudes and willingness to speed become riskier.
Once people age and mature, they are much less likely to commit crimes, which makes releasing older inmates less risky.
Within this, situational crime prevention identifies the mechanisms of victim precaution by which crime is made riskier, more difficult, less rewarding, less excusable, or less provoked, such that quasi-rational offenders decide not to commit crime (Cornish and Clarke 2003).
