Most of the red ink results from the enormous hole the recession has punched in GDP and consequently in tax revenue, the cost of bailing out the financial system, and interest on the mounting debt.
So far so good, despite mark-to-market losses on the securities it acquired bailing out Bear Stearns and American International Group.
到现在为止, 一直都还不错,尽管它承担了救援贝尔斯登和美国国际集团在有价证券上市值计价的损失。
3
A top lawmaker on the Senate banking committee, Alabama Republican Richard Shelby, says bailing out financial markets could cost U.S. taxpayers up to one-trillion dollars.