不幸的是，最近的情况是，有些银行开始运作资产担保商业票据。
Unfortunately, what we've seen recently is a kind of a bank run on the asset-backed commercial paper.
信贷泡沫已经结束，这在一定程度上是由于买方不再理会资产担保商业票据。
The credit bubble is over, thanks partly to a buyers' strike for asset-backed commercial paper.
这里颇有些企业自救的意味，特别是对花旗而言，它比其他任何银行都更深地涉足于资产担保的商业票据市场（如图）。
There is a whiff of self-rescue about the enterprise, especially with regard to Citigroup, which is more exposed to the asset-backed commercial-paper market than any other bank (see chart).
为了支持货币市场基金，商业票据和有资产担保的证券需要满足某些严苛条件，例如其他人不得参与。
Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate.
为了支持货币市场基金，商业票据和有资产担保的证券需要满足某些严苛条件，例如其他人不得参与。
Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate.
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