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May 25, 2016

American People Deserve Maximum Transparency in the MetLife v. FSOC Lawsuit

FOR IMMEDIATE RELEASE
Wednesday, May 25, 2016
Contact: Nick Jacobs, 202-618-6430 or njacobs@bettermarkets.com

Washington, D.C. – Dennis Kelleher, President and CEO of Better Markets, issued this statement on the ruling from Judge Rosemary Collyer granting Better Markets the right to intervene but denying its request for the court to review and unseal the record in the MetLife v. Financial Stability Oversight Council lawsuit:

“We are gratified that the court granted our Motion to Intervene, but respectfully disagree with the Court’s view that the Dodd Frank Act requires more than two-thirds of this record to be kept secret from the American people.  Future financial crashes and more taxpayer bailouts are at stake in this important case.  We will continue to take all appropriate steps to bring maximum transparency to this case.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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