7-32B What Is a Banker’s Promise Worth?

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Bruce King, former governor of New Mexico, often baffled people with his convoluted use of words. Like the time he vetoed a loan shark bill he’d previously agreed to sign. “But, Governor,” squealed the lenders’ lobbyists, “we had your commitment!” Unfazed, King said, “Now boys, we all know that a commitment is not a promise.”

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