Bloomberg.com: U.S.: "Oct. 24 (Bloomberg) -- The U.S. Treasury is considering taking stakes in insurers as well as regional banks in the next round of capital injections to thaw a freeze-up of the financial system, a person briefed on the plan said. A final decision hasn't been made on firms to be included, said the person, who spoke on the condition of anonymity. An initial $125 billion out of $700 billion approved by Congress was allocated last week to buy preferred shares of nine of the largest U.S. banks."
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Sure, why not. Bail them all out. It's other people's money, right?
Thanks to Fred Pilot for this link.
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