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 part of the United States' political response to perceived aggression by the Soviet Union in Europe and the Middle East, illustrated through the communist movements in Iran, Turkey and Greece.ruman insisted that if Greece and Turkey did not receive the aid that they needed, they would inevitably fall to communism with consequences throughout the region. Truman signed the act into law on May 22, 1947 which granted $400 million in military and economic aid to Turkey and Greece.