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Insurers get preliminary OK for Treasury funds

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LOS ANGELES ? The Treasury Department has agreed to extend billions in bailout funds to six major life insurers, following a months-long quest by some in the sector for government help in shoring up capital positions in the wake of major investment losses.

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"I am driven with a mission from God. God would tell me, 'George go and fight these terrorists in Afghanistan'. And I did. And then God would tell me 'George, go and end the tyranny in Iraq'. And I did." George W. Bush, Sharm el-Sheikh August (more...)

Related Topic(s): Bailout; Funding; Funding; Government; Insurance Industry; Treasury Bailout Contractors; Treasury Federal Reserve, Add Tags

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