from FT:
At least four US insurers won approval on Thursday to raise billions of dollars through the government’s bank bail-out plan, the US Treasury Department said.Hartford Financial , the No. 4 US insurer and beset by worries about capital, got preliminary approval to raise $3.4bn via the Troubled Assets Relief Program, known as Tarp.
We've become a "bailout" nation! This is certain to end very ugly! Prudential, Hartford, Lincoln National, Ameriprise Financial, Principal Financial, and Allstate are included. Is the government going to take over them now, too? Why wouldn't they?
