Foundation for Economic Education » Insurers Approved for Government Bailouts

Insurers Approved for Government Bailouts

Posted By Sheldon Richman

“Six major insurance companies have received preliminary approval to get billions of dollars in fresh capital as part of the government’s financial rescue program, a Treasury Department spokesman confirmed on Thursday.” (New York Times ^[1], Friday)

What’s a few billion more?

FEE Timely Classic
“Aid to Owners of Dependent Enterprises” ^[2] by Charles W. Baird

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/insurers-approved-government-bailouts/

URLs in this post:

[1] New York Times: http://www.nytimes.com/2009/05/15/business/economy/15insure.html?_r=1&hp

[2] “Aid to Owners of Dependent Enterprises”: http://www.thefreemanonline.org/featured/aid-to-owners-of-dependent-enterprises/

Click here to print.