17-06-2016 05:04 via news.yahoo.com

U.S. strikes back at judge's decision that MetLife not 'too big to fail'

The U.S. government laid out its arguments against a federal judge's decision to strike down the designation of life insurer MetLife Inc as "too big to fail" in a brief filed late on Thursday, showing how it intends to defend a key provision of the Dodd-Frank Wall Street reform law. MetLife sued the U.S. government last year, saying the Financial Stability Oversight Council (FSOC), made up of the chiefs of U.S. financial regulatory agencies, used a flawed process in determining it could hurt the
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