US to Bail Out Life Insurers

More

The carnage in the bond markets is producing the same kind of vicious cycle in the insurance industry that it generated in other financial businesses.  Now the Treasury is apparently planning to offer them bailout funds

This can't go on.  Regardless of the wisdom of the plan, it seems to me that the political system won't take much more of this.  The only thing that is sustaining it now is Obama's high approval ratings, which it seems to me rest largely on the public perception that all of this is being done by Timothy Geithner, that Obama is somehow floating above it.  How long can that last?

But even if it does, Congress is getting more and more intransigent every day.  The money is not unlimited.  How much longer can Treasury keep on like this?

Jump to comments
Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Get Today's Top Stories in Your Inbox (preview)

A Fascinating Short Film About the Multiverse

If life is a series of infinite possibilities, what does it mean to be alive?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Business

Just In