[Porsche-O-Phile]

I think what it's really saying is that either directly or indirectly, the taxpayer is going to end up eating this. I don't necessarily disagree with that. If B of A gets to write off a huge amount of loss, do you think the gubmint is just going to say "gee whiz, I guess our revenues will just have to be down for this year"?

More like they'll raise taxes elsewhere on unrelated entities/individuals (us) or "borrow" it by just lumping it into the federal deficit and/or just printing more dough to cover it, which means our children will ultimately need to pay for it all and/or it further devalues the dollar.