Treasury Department OK’s Insurance Bailouts

Posted by JCN8580 on Apr 8th, 2009 and filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry from your site

Is this just getting ridiculous or what?  Let me get this straight.  The insurance companies say they have healthy balance sheets and they are well capitalized but they want the federal governments bailout. Is anyone else out there a little scared of the message that this is going to send to the markets?

Once again our politicians in Washington do not have a clue.  They are literally spending this country into a much deeper and longer lasting recession if not a full blow depression.

What’s going to be the price tag for this one? 100 billion more in already spread thin TARP funds?  It appears that this spend and print money mentality is here to stay.

I’m predicting congress to get back together for a new vote on the TARP II funds.  Let’s see how quickly the salaries and the bonuses get capped.  Which CEO’s are going to be fired? – This whole thing is like a bad dream with no chance of waking up.

1 Response for “Treasury Department OK’s Insurance Bailouts”

  1. Jason M. says:

    …just leading our country deeper into debt

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