Friday, December 11, 2009
Insurers' Bank Deals Under Fire
A special inspector general faults the U.S. Treasury for allowing life insurers to buy tiny savings and loans to qualify for bailout funds, saying doing so violated "the spirit" of the Troubled Asset Relief Program aimed at boosting lending by banks... The report, released Thursday, concludes that Hartford Financial Services Group Inc. and Lincoln National Corp. used very little of the $4.35 billion they collectively received in TARP money for any activity tied to the little banks they acquired... WSJ: Insurers' Bank Deals Under Fire
Permalink posted by markw @ 5:05 AM 
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