- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Dubai Seeks Debt Delay, Stokes Default Fears
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- China Unveils Carbon Target Ahead of Copenhagen
- Wal-Mart Price Pressure Hurts China Workers: Report
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
MOST SHARED
- The Executive Job Search
- Where Do Pardoned Turkeys Go?
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Salvation Army's Kettles Now Credit Card-Ready
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Wal-Mart Price Pressure Hurts China Workers: Report
- Judge Erases Couple's $525,000 Mortgage Payment
- Topless Business Is Taking Off
Text Size 
How do US tax payers feel about supporting the liquidity of Dutch insurer Aegon?
Well, the group has joined the growing line of businesses holding out its hands for Federal Government cash.
The group is considering asking the US government for more than a $1 billion in support. The company may have to buy a US business to qualify for the cash and the speculation is that it could buy a thrift company called Suburban Federal Savings Bank, which is based in Maryland.
Suburban has about $300 million in assets and the transaction could see Aegon inject capital into the thrift to get its hands on the billion dollars. Because they are an insurer they don’t have the same access to the financial support program as the banking sector – without making the purchase.
Aegon has already received $3.8 billion from the Dutch government and insists the billion dollars in US government money is not needed to meet liquidity problems, but rather will give the company more financial flexibility.
Aegon has assets of $125 billion in the US currently, and the additional billion dollars represents a small percentage of their current position.
Aegon is not the first insurance company to consider buying a small savings and loans business to get access to Federal funds. The company, which runs US life insurer Transamerica says the US money would be used in its US operations.
Send feedback via the blog (click here) or directly to CNBC in Europe.
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
Data is a real-time snapshot *Data is delayed at least 15 minutes