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Just last week, after months of industry lobbying, the government approved six major life insurance companies for capital infusions under the Troubled Asset Relief Program.
The crash in stock and bond markets (other than U.S. government bonds) from September to March ravaged insurers’...
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 | from naked capitalism