Financial News and Forex Trading

232230 Resource 128460 120646 120646 1242399009968 1242399009968 Controlled Insurers Will Begin Receiving TARP Funds

Treasury Department extends bailout funds to majore insurers

The U.S. Treasury Department has announced that it will begin extending a little less than $22 billion to major insurers. <a href="http://www.stockmarketfunding.com/SMF-Blogs/Economic-Analysis/May-2009/Insurers-get-preliminary-OK-for-Treasury-funds.aspx" target="_blank" title="TARP funds, bailout funds, TARP, forex trading, insurers, TARP insurers, stock market, corporate bonds">The money will come from TARP funds</a>, which have been used for a number of purposes from buying toxic assets off bank balance sheets to providing emergency loans to auto makers.  TARP funds are meant to help unstick the credit markets, and helping insurers is expected to further this goal. Insurers own a fairly large chunk of corporate bonds, and they have also been hurt by the drops in investment values -- since insurance companies are major investors. It remains to be seen whether major insurers will undergo <a href="item/232227" target="_blank" title="TARP funds, bailout funds, TARP, forex trading, insurers, TARP insurers, stock market, corporate bonds">stress tests</a> similar to what banks were required to submit to. At any rate, the news that TARP funds will aid insurers has put a little bit of life back into the sector on the stock market. 9 application/xml false bailout funds corporate bonds forex trading insurers stock market TARP TARP funds TARP insurers Financial News and Forex Trading News, analysis and commentary for forex traders http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.10) Gecko/2009042315 Firefox/3.0.10 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.1.10 false true false false true 128460 blog blogsite/GFTForex/web