Insurance Companies Now to Get TARP $$

You knew this was coming...

The insurance industry used investors' money to buy lots of toxic assets and get lots of fees by insuring the toxic assets bought by the rest of the banking industry. Their balance sheets are disasters. It was only a matter of time before their was a run on the industry.

So, congratulations Mister Taxpayer, you are now the proud owner of a bunch of insurance companies at a much too high price. But, sadly, the alternative is far worse.

http://online.wsj.com/article/SB123914741752198971.html