24 March 2009

Rival Insurance Companies Claim AIG Used Bailout to Undercut Their Prices

So, we have the AIG bailout undermining the rest of the insurance industry now, because of the federal money and implicit federal guarantee.

Delightful.

I think that the Geithner plan will do the same thing to the smaller more responsible banks out there.

The federal bailout is squeezing out the good actors in these industries.

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