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  • Dutch Insurer May Buy Thrift to Get US Bailout Funds

    Reuters
    Tuesday, Nov 18, 2008

    Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent.

    “This is part of our strategy to ensure Aegon has the strongest capital position possible,” said Aegon spokesman Greg Tucker. “If Aegon is eligible, we would seek the minimum range of funding possible.”

    The range was 1 to 3 percent of its $125 billion in U.S. assets, he said, and the application was for the so-called Troubled Asset Relief Program (TARP) which the U.S. government has used to help banks hit by the credit crisis.

    (ARTICLE CONTINUES BELOW)

    Aegon only filed an application for U.S. capital support to keep all its options open and there is no need to raise additional capital at the moment, Tucker todl CNBC.

    Shares in Aegon, which received 3 billion euros ($3.8 billion) in capital support from the Dutch government last month, fell as much as 8.5 percent and were down 6.6 percent at 3.23 euros. The DJ European insurance index was down 2 percent.

    “I think Aegon has bigger problems than we realise. They have invested precisely there where the problems are: the United States,” said asset manager Fred Huibers of Dutch Haags Effectenkantoor, which does not own Aegon shares.

    Full article here

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    6 Responses to “Dutch Insurer May Buy Thrift to Get US Bailout Funds”

    1. rich Says:

      yes, the problems are here in the usa, it’s called the federal reserve !!!!!!!!!!!!!!

      http://www.youtube.com/profile.....iew=videos

      goldieshouse.piczo.com

    2. Scrap5000 Says:

      DISGUSTING!!! This should not be permitted!!!

    3. dave Says:

      I am dutch.. and this doesnt surprise me at all ! Aegon is just a money making scheme just like most dutch banking bussinesses, Aegon is also a BANK ! not just insurance company !
      ithis makes me puke !

    4. raw Says:

      toxic flame retardants and other mystery chemicals outgassing from electronic devices and inhaled by you and your family.

      http://www.outgasreport.com

    5. Tomato Netherlands Says:

      They got 3 biljion euro’s government support, very recently and now their buying a US bank….This smells very very bad!

    6. mythicshadow Says:

      the diary of a madman………

      http://ca.youtube.com/watch?v=bh43hMPb2Ms


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