Reply #50: I thought the private insurance companies were all collapsing: didn't AIG just get billions? And

[struggle4progress]

the others all seem to be scrambling for a piece of the pie:



Lincoln, Hartford may get piece of bailout
By buying thrifts, the insurance companies will become eligible.
By Marcy Gordon of The Associated Press

WASHINGTON — Federal regulators will allow two large insurance companies, including Lincoln National Corp., to buy thrifts so they can qualify to receive money from the government’s financial rescue program.

The Office of Thrift Supervision, a Treasury Department agency, said Friday that it approved applications from Hartford Financial Services Group Inc. and Lincoln National Corp. to acquire existing savings and loans and become thrift holding companies.

Insurance companies that own thrifts, which are federally regulated, are eligible to apply for a piece of the $700 billion in government bailout funds ... http://www.news-sentinel.com/apps/pbcs.dll/article?AID=/20090112/NEWS/901120322/0/FRONTPAGE