This risk retention may occur directly as a result of recourse provisions or, indirectly, as a result of retaining a subordinated class of an asset-backed security or by some other means. Asset securitization: a supervisory perspective
The Truman Doctrine was instrumental in containing the spread of Communism -- especially in the newly established Turkish Republic. Later, the Truman Doctrine, or Doctrine of Containment, sought to halt the global expansion of the Soviet Union's brand of Communism.
The Truman Doctrine was issued by President Harry S. Truman in 1947. In this doctrine, President Truman said that the United States would go to whatever lengths possible to contain the spread of communism and stop the United States' former ally, the Soviet Union.he Truman Doctrine. Given the recommendations of Kennan, President Truman made a special speech to a joint session of Congress. At the time, Great Britain had decided to stop aiding the countries of Greece and Turkey, making them susceptible to Soviet-supported communist revolutions.