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| Reid Says Large, Major Insurance Company About to Fail--We Have to Pass Bailout Bill; Not! |
| 2008-10-02 |
| Harry Reid said a major insurance company is about to fail; we need to pass the bailout bill. Later, his office said we are not aware of any major insurance company that is about to fail. Then again, this is the same man that said we are losing in Iraq and we are mired in a quagmire. Sheeshh! Lying and lips moving thoughts come to my mind about this time. The Senate is poised to pass a revised Wall Street bailout bill tonight, but amendments to the controversial measure may raise the anger of some House Democrats and imperil its chances of approval in the House for the second time this week. Senate Majority Leader Harry Reid, D-Nev., pressed for passage, with the alarming news that one of the country's premier insurance companies was about to go bankrupt if the crisis was not quickly resolved. "We don't have a lot of leeway on time," Reid told reporters in the Capitol. "One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about." He did not identify the insurance company, and later in the day Reid spokesman Jim Manley said the senator was speaking broadly and not referring to anything specific. "Senator Reid is not personally aware of any particular company being on the verge of bankruptcy," Manley wrote in an e-mail to ABCNews.com. "Rather, his comments were meant to refer to the conditions in the financial sector generally. He regrets any confusion his comments may have caused." |
| Posted by:JohnQC |
| #4 Could be--companies following 9-11 really took a hit, then Katrina, and Ike, and the Midwest floods. You could see the stress on all of them and there was uncharacteristic bi-partisanship. |
| Posted by: Danielle 2008-10-02 14:08 |
| #3 He's jealous because Schumer crashed Indy Mac. |
| Posted by: Nimble Spemble 2008-10-02 14:05 |
| #2 if there is a major insurance comp about too fail , then too hell with them. they have ripped off plenty in their time of existence, if you bail one out they will all be supposedly "failing" in a few days |
| Posted by: sinse 2008-10-02 10:45 |
| #1 ...the senator was speaking broadly and not referring to anything specific. Yep. That's Harry all right. I wouldn't believe this guy if he told me the sun came up. |
| Posted by: tu3031 2008-10-02 09:33 |