Insurers Need U.S. Aid to Boost Bank Lending, Trade Group [ACLI] Says
2008-11-18 18:30:49.260 GMT by Andrew Frye (Bloomberg)
Lemme see now ... instead of Treasury buying (i.e., lending) 5% preferreds directly from banks it should instead first lend to life insurers at 5% who in turn will lend at 6, 7, or 8 percent (surely not flat at 5%, given RBC & ROE considerations). What sort of pixie dust will they sprinkle on the money to offset their spread? Will Paulson fall for this one (too)?
JRB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment