Reid: Major Insurance Co.on Verge of Bankruptcy
- added October 02, 2008
- 1 responses
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- jimwiz3416
- added this
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- Politics (35120)
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"There are companies that have functioned in America for decades by borrowing money overnight. The cannot find money to borrow overnight."
Reid also warned that a member of the Democratic caucus had warned a major US firm was among those at the risk of foundering if a bailout bill was not passed soon.
"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 is on the verge of going bankrupt.
"That is what this is all about."
Reid did not identify the company, and it was not immediately clear which firm he was referencing."
Reid also warned that a member of the Democratic caucus had warned a major US firm was among those at the risk of foundering if a bailout bill was not passed soon.
"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 is on the verge of going bankrupt.
"That is what this is all about."
Reid did not identify the company, and it was not immediately clear which firm he was referencing."
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- jimwiz3416
- 2 months ago
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Are we scared yet?
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- jimwiz3416
- 2 months ago
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