Life insurers are finally getting approval to receive money from the Troubled Asset Relief Program, which is likely welcome relief for a sector that has been struggling, but continues to raise questions about how the government draws the line in terms of which companies it’s bailing out.
The Hartford Financial Services Group (HIG: 14.73, n.a., n.a.%) announced Thursday that it has been given preliminary approval to receive $3.4 billion from TARP’s Capital Purchase Program, while Lincoln National (LNC: 16.27, n.a., n.a.%) announced it is set to receive $2.5 billion. - FOX Business Story
Get in line, who is next to receive Taxpayer funds?
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