A May 14, 2009 Wall Street Journal email blast is reporting that Hartford Financial, Prudential Financial, Lincoln National and Principal Financial have received preliminary approval from the Treasury Department to receive funds from its Troubled Asset Relief Program.
BUT today Reuters reports that analysts at Keefe, Bruyette & Woods said "U.S. life insurers Principal Financial Group, Ameriprise Financial Inc and Prudential Financial Inc, all with a solid capital position, may not accept funds under the U.S. Treasury's Troubled Assets Relief Program (TARP)".
In the immortal words of the late great Billy Preston "Will It Go Round in Circles"?
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