Saturday, November 15, 2008

Hartford, Lincoln, Genworth Buy S&Ls, May Gain Treasury Funds

We find it interesting that AIG gets money thrown at it, yet insurers such as Hartford and Lincoln National have no access to government funds. While we don't like the bailout at all, the way funds are distributed (you are eligible--you are not) are completely at the whim of the Treasury Department (or should I say Hank Paulson). Well the way around it for the insurers are through buying thrifts. Bloomberg discusses this below.

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