What started with subprime mortgages spread to all collateralized debt obligations, endangered municipal and mortgage insurance and reinsurance companies and threatened to unravel the multi trillion dollar credit default swap market. Investment banks commitments to leveraged buyouts became liabilities.

Direct talks also have some well known liabilities.

Consider a bank with liabilities of 1 billion.

Investment banks commitments to leveraged buyouts became liabilities.

It has since added formidably to its debt liabilities.

This means no cross border sovereign debt (or esoteric instruments, such as collateralized debt obligations).

The result is that net social security liabilities are essentially zero.

(d) The entry of liabilities with incorrect identification of their objects

Russia inherited all of the Soviet Union's foreign financial claims and liabilities.

Still, Germany cannot escape the responsibilities and liabilities that go with that role.

Overnight, the foreign euro liabilities of Greece s government, banks, and companies would surge.

Should they explicitly guarantee large financial institutions liabilities and or classes of assets?

No one knew the real value of credit default swaps and of the various tranches of collateralized debt obligations.

But in most cases, firms liabilities comprise real debt owed to major international banks.

Senator Bernie Sanders, Clinton s Democratic rival, actually proposes to expand the programs unfunded liabilities.

These bodies are especially important in providing budgetary estimates, particularly for unfunded long term liabilities.

It is a mistake to look only at a country s liabilities, and ignore its assets.

If these liabilities grow by 10 annually, countries need to set aside an additional 160 billion.

For example, the Spanish banking sector alone has short term liabilities of several hundred billion euros.

Eventually, the only way out is to reset the value of liabilities via restructuring or inflation.

Because their currencies are not widely used internationally, many of their bank liabilities are in euros.

The Greek state will be the sole shareholder, but will not guarantee its liabilities or debt.

In the US, more generous assumptions regarding discount rates are used to calculate pension fund liabilities.

Countries like to keep their reserves growing in tandem with growth in imports and other foreign liabilities.

Today, the two largest Swiss banks are sinking in liabilities that exceed seven times the country s income.

So investors are telling companies to report their carbon emissions today in order to assess future liabilities.

Europe s banking sector liabilities are nearly five times higher than in the US, at 345 of GDP.

The issue is not just illiquidity financial institutions with short term liabilities and longer term illiquid assets.

Even so, the explosion in the quantity of collateralized debt obligations and similar securities went far beyond what was needed to sustain mortgage lending.

Investment banks then earn fees for re packaging these securities in tranches of collateralized debt obligations, or CDO s (and sometimes into CDO s of CDO s).

In short, the main part of Europe s banking assets, liabilities, and risks are concentrated in these large banks.

Likewise, higher taxes cannot resolve the problem posed by the mounting unfunded liabilities of Social Security and Medicare.

Thus, total losses on mortgage related instruments include exotic credit derivatives such as collateralized debt obligations (CDOs) will add up to more than 400 billion.

The investment banks blended these securities into asset backed securities and collateralized debt obligations (CDOs) and sold them on to financial institutions throughout the world.

The prices of structured securities such as collateralized debt obligations have come down, because the institutional fraud of a multi fold chain of securitizations has been detected.

Research is needed to ensure that nanomaterials, and the industry that produces them, evolve as environmental assets rather than liabilities.

Finally, it plans to renegotiate Greece s debt with lenders, in the hope of writing off the bulk of its liabilities.

Persistently low interest rates have been particularly challenging for pension funds, which face rising liabilities (calculated on a discounted basis).

Yes, the financial system is insolvent, but it has nominal liabilities and either it or its borrowers have some real assets.

Governments that guarantee bank liabilities, however, must then also demand that bankers exercise more prudence than they might on their own.

Austrian, Italian, and Swiss regulators, seeing that their banks assets and liabilities were in their own currencies, looked the other way.

This created a two speed Europe, with debtor countries sinking under the weight of their liabilities, and surplus countries forging ahead.

The trick was to offer banks the opportunity to swap their claims on (insolvent) Latin American countries into long maturity, low coupon bonds that were collateralized with US Treasuries.

That these collateralized mortgage obligations (CMOs, or bonds backed by a pool of mortgages) found a ready market, both in the US and abroad, reflects failure on several fronts.

In Japan, for example, existing public debt is near 100 , but there is an extra 150 of GDP in net pension liabilities.