No bailout money for insurance companies

Money Down the Drain; Day 22/365Image by dimiqueen via Flickr

According to the ground rules established by the Obama administration, insurance companies will not be receiving any of the money from the federal government's bailout program. Only financial instituitions that are federally regulated will be eligible to receive funds. The government has a "financial stress test" that will be applied to banking institutions under the plan, which doesn't translate to insurance companies. Apparently a few insurance companies did apply for relief under the plan. That being said, the federal government has another program set up that will allow insurers to sell off troubled assets to the private market using government guarantees. I guess that means that where there is a "plan" there is a way?
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