Looking only at tightened loan terms - as opposed to the turning away of borrowers considered overly risky - the change from previous periods was not as pronounced, the Fed reported.

Mr. Henry's fund is also structured differently from a hedge fund and is available to retail investors with as little as $5,000 to allocate, though skeptics contend such funds are overly risky.

"My game plan is basically to stay with a well-diversified portfolio that is not overly risky," he said.

So you're saying an expedition there iS feasible, and not overly risky," said the admiral, set- tling back in his seat.

And going after the commander alone-that was overly risky, don't you think?

"They decided it was overly risky, as opposed to risky," said Bernard Gersten, the executive producer of Lincoln Center Theater.

In the past, the danger of default as rates rose tended to discourage lenders from making overly risky loans.

The entrepreneur becoming overly risky would be ex-ante moral hazard, but willful default (wrongly claiming the ventured failed when it was profitable) is ex-post moral hazard.

During the siege of Boston, he was a voice of caution, speaking in war councils against what he saw as overly risky actions.

That lawsuit, which also seeks $27 million, accuses the consultant of being unqualified and of giving improper advice to the annuity fund, leading to losses from overly risky investments.