Skip to main content

Newsroom

April 12, 2016

Politico Morning Money: MetLife push back

“Lot of react to the nameless banker who ripped Treasury for its reaction to the judge’s ruling tossing out the Met Life SIFI designation. Per a former agency official: “FSOC spent over a year deliberating over MetLife, reviewed tens of thousands of pages, and held a hearing with MetLife before final designation. So it is not surprising that Treasury and the heads of all federal financial regulatory agencies feel obliged to appeal this opinion, which includes made up statutory requirements, like cost-benefit analysis.”

***

“Better Markets’ Dennis Kelleher: “Hard to believe, but yesterday’s anonymous ‘senior banker’ quote made the Wall Street Journal’s over-the-top editorial attack on Treasury Sec. Lew look measured and thoughtful by comparison. Treasury, DOJ and FSOC, like Better Markets, carefully and thoroughly reviewed the district court’s MetLife decision, but it’s many fatal flaws, including ignoring controlling Supreme Court and DC Circuit Court precedent, were quickly obvious for all to see as was the ample basis for a meritorious appeal. Thankfully hysterical ad hominem attacks will not likely play a role in the legal process.”

***

Read the full Politico Morning Money article by Ben White here.

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today