Quantcast
Channel: FredFred
Viewing all articles
Browse latest Browse all 66

AP/WaPo: Government to insure market losses of rich; we get nothing.

$
0
0

I went out for a quick morning walk this morning and looked down at my neighbor's Washington Post.  While the story is a bit buried now at washingtonpost.com, the headline above the fold on page A1: Bailout Expands To Insurers.  Insurers?  What is going on?  Per the Post:

The Treasury Department is dramatically expanding the scope of its bailout of the financial system with a plan to take ownership stakes in the nation's insurance companies, signaling new concerns about a sector of the economy whose troubles until now have been overshadowed by the banking industry, government and industry sources said.

Why did I choose the title "Government to insure market losses of rich" instead of strictly talking about the insurers?  I'll explain below.


Viewing all articles
Browse latest Browse all 66

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>