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Bailout Nation

May 15, 2009

TARP funds are now being expanded to not just banks and the auto industry.  In recent developments, TARP funds are now being rolled out to insurance and trucking companies.

  • Hartford Financial, $3,4B
  • Lincoln Financial, 2.5B
  • Four others are slated to receive undisclosed amounts of TARP funds: (Prudential, Principal, AllState and Ameriprise)

Read more here.

Trucking company, YRC Worldwide (NYSE: YRC) is asking for $1B in bailout money due to its forecast that it may not be able to meet pension obligations.  Read more here.

Who’s next?

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