Friday, 15 May 2009 01:00

For those that subscribe to my premium services, this was inevitable

From WSJ.com:

$22 Billion Slated for Insurers

The Treasury will make federal bailout funds available to a number of life insurers, acting on the embattled sector's long-running effort to get government help.

Subscribers should look to the insurance header of the download section to get a history of the life insurance companies that I warned about - all of whom are now recipients of government welfare for the first time in life insurance history (at least that I know of).

Last modified on Friday, 15 May 2009 01:00

3 comments

  • Comment Link keppierce Tuesday, 19 May 2009 10:39 posted by keppierce

    Speaking of TARP money...these idiots applying to pay back TARP money should be told if they do pay it back they will not receive government support going forward. So they better make sure they will be solvent in worst case scenarios over the next years.

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  • Comment Link ramani Sunday, 17 May 2009 16:22 posted by ramani

    WIth insurers such as LNC selling $2.5 billion (Over 60% of its current market cap, which is a little over $4billion) worth of stock to the US Treasury, does this mean that such insurers are effectively nationalized?

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  • Comment Link shaunsnoll Friday, 15 May 2009 10:22 posted by shaunsnoll

    your HIG call will go down in history as one of the best calls i've ever seen. thing was down like 50% the next week!

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