What Is a Banker’s Promise Worth?




Jim Hightower's Lowdown show

Summary: 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.”