ettubozo asked:
excerpt from link:
At least 46 banks and lenders have received preliminary approval to sell preferred stock and warrants to the government. At least 33 other companies have put in applications for another $11.4 billion, including three insurers that may acquire savings and loans in order to access the government cash. Publicly traded bankers had to apply for the Treasury funds by Nov. 14.
excerpt from link:
At least 46 banks and lenders have received preliminary approval to sell preferred stock and warrants to the government. At least 33 other companies have put in applications for another $11.4 billion, including three insurers that may acquire savings and loans in order to access the government cash. Publicly traded bankers had to apply for the Treasury funds by Nov. 14.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a2JWFmpsSmto&refer=news
I Googled….where are TARP funds going?
came across this article
and this line caught my attention
“including three insurers that may acquire savings and loans in order to access the government cash.”
If they have enough money to acquire, iaw BUY these savings and loans….why do they need TARP funds?
Is this TARP thing turning into feeding trough?
gimme gimme gimme?
automobile insurance
November 3rd, 2008 |
Tags: Excerpt From, Government Cash, Savings And Loans, Treasury Funds, Warrants