"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" - Senate Majority Leader Harry Reid, (NV) on Wednesday while pressing for passage of the bailout.
Later in the day a Reid spokesman clarified that the senator was "speaking broadly" and not referring to any particular insurance company. The next day (Thursday) folks already jittery about the prospects of these companies drove their stock prices sharply downward...
Candidates Leave Campaign Trail, Head to DC for Bailout Vote
Insurers dive on Reid's 'bankrupt' quote