Is Reid Trying to Tank The Markets? (://URLFAN)

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Is Reid Trying to Tank The Markets?

Post Date: Oct 05, 2008 11:00 a.m.
Ranked website: americanconservativedaily.com (Ranks #143375 of 3,783,534)

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Chuck Schumer started a bank run by making comments and leaking them to the public. Now Harry Reid is adding fuel to the economic panic fire by dropping bombs here and there. Now he is insinuating that there might be an insurance industry bankruptcy on the horizon causing all insurance companies to take a hit. NEW YORK (CNNMoney.com) — Several big life insurance stocks fell sharply Thursday, dragged down by jitters about their role in the credit crisis and fears sparked by a comment from Senate Majority Leader Harry Reid, D-Nev., Wednesday about a potential bankruptcy in the industry. “We don’t have a lot of leeway on time. 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,” Reid said prior to the Senate’s approval of the $700 billion bailout bill. Steven Sc...

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