Several insurers, including Hartford Financial Services Group and Genworth Financial Inc., made last-minute bids for billions of dollars in government money Friday.
Hartford Financial said that it agreed to buy a small savings and loan, helping the giant insurer apply for a government investment of up to $3.4 billion.
Don’t you like that trick? Want government money? Buy a troubled banking company. Welcome to the economy George built. We throw true business standards out the window and instead redistribute the wealth from the bottom up.