Wednesday, November 26, 2008

Taxpayers to Insure Their Own Lives

(Blog author just shaking his head in disgust; so whose next in line after them and where is our bailout?)

"Life insurers seek some of bailout funds" by Reuters | November 26, 2008

NEW YORK - Life insurance companies, nervous over massive investment losses that could ultimately threaten their viability, are hoping they are next in line to get a piece of the US financial bailout. They argue federal funds could stabilize their trillions in investments and warn that any failure of a life insurer could dry up a key source of corporate financing. --more--"

Oh, well, better HOP RIGHT TO IT!!!!

Btw, how is that ECONOMIUC STIMULUS for the AMERICAN PEOPLE coming along? Congress even in session?