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They totalled £4 billion for the newly combined Lloyds Banking Group, with provisions of £13 billion for dubious debts.
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The question for analysts is whether the current spread between the cost of equity and the cost of dubious debt is sustainable.You might think that corporate debt should yield less than shares because debt has a higher place in the capital structure than common stock.
The most fervent proponents of free markets criticized the plan as a damaging intrusion by government that incurs public debt for dubious subsidies.
But for banks that have been weakened from their exposure to dubious European debt, raising money from private investors will be difficult — especially as many of the likely sovereign fund candidates are the ones that suffered deep losses from investing in troubled American banks in 2007 and 2008.
Thailand and Indonesia have been far less successful than their neighbours in dealing with high levels of dubious corporate debt.
The state was overloaded with dubious "back door" debt and with debt to cover short-term operations.
Give instructions for your debts and taxes.
You are being sued for unpaid debts.
Wait for your debts to be discharged.
For that reason, some analysts contend, this mountain of dubious state-backed debt should not be seen as a pressing cause for worry.
They cite the now dubious 90%-of-GDP limit for government debt (as suggested by Carmen Reinhart and Ken Rogoff in 2010), before adding that it is the "consensus of economists" that America is rapidly heading towards a critical level of imbalance, a crisis they say politicians are ignoring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com