This is rich. Harry Reid earlier spouted off some inside information about yet another particular insurance company headed toward the brink of bankruptcy. Naturally, the markets bailed on all the major insurers, causing a huge drop to the already beleaguered stocks. Here are his comments:"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.
Oh, but Reid can't be held responsible for those comments. They were just "misunderstood."
"Senator Reid is not personally aware of any particular company being on the verge of bankruptcy. He has no special knowledge about [a bankruptcy] nor has he talked to any insurance company officials," said Jim Manley, spokesman for Sen. Reid, in an email to CNNMoney.com.How does he get away with this? Why his constituents don't hold him responsible for such duplicity is beyond me.
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