TARP Extends to Insurance & Paying Back the TARP Loans - Joseph Leonard

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Uploaded by on Oct 21, 2009

The Treasury department is looking to get the life insurance industry involved in the $700 billion troubled asset relief programs according to the Wall Street Journal. For more on that, I'm joined by Joseph Leonard http://www.theretirementvault.com/aboutjoe.html a retirement strategist and author of the Retirement Vault http://www.theretirementvault.com/thebook.html. We hear word now that the insurance companies who had applied for access to TARP funds will now get the help that they need. Insurance companies invested a lot like the banks had in mortgaged backed securities and other things that looked good on the surface but with the mortgage crisis ended up going bad on them.

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