It was Congress, he continued, that "pushed Fannie and Freddie to make a bunch of loans that were imprudent; they were the ones that pushed the banks to loan to everybody".
"In retrospect, I bet they wish they had been imprudent, spent a lot of money, and actually solved the problem .Textbook economics dictates that when conventional monetary policy is impotent, only fiscal policy can pull the economy out of a slump.
"But they were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will.
The investments were "imprudent because [the stock] was an excessively risky investment for retirement assets in light of the company's dire financial condition," the suit claims.
However, in cases relating to patients with somatic illnesses, the assumption was rather that patients who made unwise decisions were imprudent but yet decisionally capable.
Discovering Great America, Again If my daughter and her companion had planned this trip in 1976, many would have thought they were foolhardy, imprudent and possibly daft.
But later, under questioning, both said that as president they would keep open that very option, although they said Mr. Obama had been imprudent to raise the prospect of invading an ally.
That has generated some resentment within the partnership: In the late 1990's, the firm grew nearly 16percentt a year in the United States, even as attrition rates rose to nearly 30percentt in some offices; in retrospect, some partners overseas have complained that they are subsidizing what was imprudent growth.
They face other dangers, however: Owners can be imprudent, particularly when they upgrade from a small yacht to a bigger one that neither they nor their captains may have the experience to operate safely.
Advising women 40 and older to skip yearly mammograms because they have no family cancer history is imprudent, and places women's lives in unnecessary jeopardy.
It's to explain, with gravity and respect, why certain courses of action would be imprudent and how they'd contradict the very American principles that we intend to be a stirring example to the world.
