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)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


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

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Business

Just In