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About a third of Lucent's debt–$2.5 billion–will be transferred to Agere's books and added to another $3.8 billion for existing liabilities.
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These figures are based on simple scaling of existing liability and damage insurance to account for the increased personnel and office space.
The taxpayer is not needed for that, except to cover the insured part of the banks' existing liabilities, specifically the banks' deposits and perhaps other short-term liabilities that are key to financial market liquidity.
While hardly seen as bargains, the existing liability levels have not been raised in 33 years.
The existing liability rules are limited to neighbours.
The existing liability cap -- and the related proof of financial responsibility -- should be significantly raised. .
And her forecasts actually turn out to be an armature for discussing the fallout of climate change (from rising sea levels to more extreme weather) in an accessible, tactile fashion and for examining existing liabilities in various regions and cities, like overstretched infrastructure and dwindling water supplies.
While the Brussels subsidiary will ensure that Lloyd's can write new business in EU countries after the UK leaves, Beale stressed that it was vital for insurers to be able to fulfil their liabilities for existing policies, adding that the outlook was "still very uncertain".
For the existing unfunded liabilities to be covered in the end, someone must pay $99.2 trillion or receive $99.2 trillion less than they have been promised... the decision we must make is whether to shoulder a substantial portion of that burden today or compel future generations to bear its full weight".
Any news for existing pensioners?
"Sharknado" (For existing).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com