Wednesday, April 08, 2009

Insurance Companies Are Next to be Bailed Out

That's what the Journal says. There have been a number of articles questioning the viability of Hartford, Lincoln National and Gemworth. But it seems that Prudential has applied also. Who would have thought it would come to this? Clearly, it is more important to bail out the insurers, even though many of them thought they were smart enough to promise exorbitant returns on variable annuities, than the car companies.

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