Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (87035)	4/7/2009 9:53:36 PM
From: TFF	Read Replies (1) \| Respond to of 94695

You might want to get long: TARP for life insurers - report The Treasury Department may allow life insurers that are bank holding companies or thrifts to apply for TARP funds. April 7, 2009: 9:47 PM ET NEW YORK (CNNMoney.com) -- The Treasury Department could allow certain life insurers apply for funds from its Troubled Asset Relief Program, according to people familiar with the matter, The Wall Street Journal reported in its online edition late Tuesday. 0:00 /3:46Demanding TARP accountability Investors have been increasingly worried about the health of life insurers, which have been hit hard by worries about capital requirements and growing losses. According to the Journal, Treasury could announce within the next few days that life insurance firms that are bank holding companies or thrifts will be eligible for TARP. While life insurers that are bank holding companies have already been eligible for TARP funds, Treasury has yet to give applications the go-ahead. Prudential Financial Inc. (PRU, Fortune 500), Hartford Financial Services Group Inc. (HIG, Fortune 500) and Lincoln National Corp. (LNC, Fortune 500) are said to have applied but the Journal's sources said Treasury has not yet decided which applications will be approved. Of the original $700 billion allocated for the financial-sector bailout, roughly $135 billion remains. However, that doesn't mean all of those funds would be made available for eligible insurers