Critique the following excerpt from a conversation.

Moderator : Hold it there people. Remember, I cannot be here forever. I thought we were discussing banking reform and deposit insurance. Does all this talk about off-balance sheet activities have anything to do with deposit insurance?

Butterworth : That is a good question, Mike. I honestly do not know, but my guess is that contingent liabilities represent a hidden liability for the deposit insurance fund. The more contingent liabilities the bank has, the more risk there is in the banking system.

Appleton : As both of you know, I believe that off-balance sheet activities are the future of banking, so Beth’s views on this trouble me. Perhaps she has some evidence to support her claim?

Butterworth : No, Alex I do not. But I will research the matter.