Finance Geek

Six former private insurers have the political privilege of getting TARPed; added to the U.S. government’s red/to-do list. Although the dollar amounts are minuscule compared to the banking sector, there’s nothing positive for the insurers who end up accepting a single penny of TARP, as the wounds inflicted on TARPed banks have not yet healed.

Billions of dollars of public greenbacks on any private insurance balance sheets could create virulent financial consequences (LNC, HIG). Such unwanted balance sheet issues will continue to ebb and flow with GDP and employment, thus unknown incubations of financial symptoms, duration, and potential mortality rates lie ahead…

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This entry was posted on Wednesday, May 20th, 2009 at 3:09 pm and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.