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But as a team of bank analysts at FBR, a firm in Arlington, Va., put it in a report that estimated the liabilities: "Does anyone really know?" For banks, the continuing doubts about their old mortgage businesses also makes it difficult to move on with new mortgage origination, because the companies may be concerned about the way they describe new mortgages in filings, analysts say.
Just because Washington's Enron-like accounting ignores these liabilities doesn't mean they are any less real politically or economically.
Liabilities: Doesn't like change, judgmental if disagree, expects everyone to be workaholics, peer-loyalty.
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Liabilities do the opposite.
Mr. Menendez's potential liabilities do not end there.
But the liabilities do not include "off- balance sheet and contingent obligations," and Enron made no effort to estimate how large those liabilities are.
Italy's foreign liabilities do not exceed its foreign assets by much: the gap is about 20% of GDP compared with about 100% for Ireland, Portugal and Spain.
Mr. Miller, the analyst, said that the approval of Bank of America's capital plan suggested that the mortgage liabilities did not concern the Fed that much.
Most seriously, an optimistic view is taken of "current assets", which may include payments not due for a year or more, while some liabilities do not appear on the unconsolidated balance-sheets at all.
On Thursday April 8th British Airways and Iberia inked in a merger deal agreed last November that will create the world's sixth largest airline by revenue provided regulators, shareholders and BA's hefty pension liabilities do not scupper the tie-up.
Managing that risk is what banks do: by holding a risky balance-sheet they allow households and firms to have safe ones.Since the maturities of their assets and liabilities do not match up, banks tend to give themselves some margin for error.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com