Hartford Financial Services Group Inc. said it’s buying a Florida bank for $10 million so the insurer can be eligible for the Treasury rescue program. Hartford, based in the Connecticut city of the same name, expects to qualify for $1.1 billion to $3.4 billion under Treasury guidelines, the company said in a statement distributed today by Business Wire.
Rent-seeking, anyone? For fucking sake of fucking fuck, I didn't see this shit happening from a mile away.
Utter, utter cunts.
Hat tip to the ASI.
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