More Pink Slips at The Hartford

At The Hartford, 200 Layoffs In ’09, And More To Come — Courant.com

“Congratulations on driving The Hartford into the ground,” Justin Winthrop, 88, of West Hartford, told Ayer. “You’ve destroyed the image, reputation and the name of The Hartford. When may we expect your resignation?”

The Hartford has received $3.4 billion in TARP funds.  But even this amount of money won’t be enough to save jobs.

The Morbid Niche

Investors Find Morbid Niche In Surrendered Life Insurance – washingtonpost.com

Check out Lenaburg’s quote below.  This is kind of creepy and an angle I never thought of before.  I always wondered what the cartels did with all that clean cash.

David S. Lenaburg, chief executive of Rockville-based Banner Life Insurance, gave voice to the ultimate fear. Citing court records of a 2006 money-laundering case, Lenaburg wrote to a regulator that the seller of one policy “apparently ended up with a drug cartel owning a vested interest in his early demise.”