Looks like Congress is again cooking up a bill that would send over taxpayer money to cover the poor financial decisions of others. It's officially called the " Homeowners' Defense Act " but Competitive Enterprise Institue (CEI) has dubbed it the "Beach House Bailout :" So...
Posted to
AIP Blog
by
Alexa Shrugged
on 06-08-2009
Filed under: free market, regulation, bailout, Beach House Bailout, insurance, Florida, CEI, Homeowners Defense Act
Last fall, insurance firms couldn't get in line quickly enough to apply for their share of the federal bailout pie. Now they're not so sure they want to be indebted to Uncle Sam. The Treasury Department last week told six insurers -- Allstate Corp., Ameriprise Financial, Hartford Financial Group...
Posted to
AIP Blog
by
K. Daniel Glover
on 05-21-2009
Filed under: free market, TARP, Troubled Asset Relief Program, bailout