BankRegulation
MetLife Sells its Banking Unit to Avoid Strict New Fed Regulations
11:00AM 7/27/2011
In order to avoid new federal rules and heightened scrutiny from regulators, MetLife has decided to sell its banking unit. That's a smart move for the nation's largest life insurer, and keeps it on a level playing field with its competitors.
The House finally passed its financial regulatory reform bill today by a 21-vote margin. Apparently, there are 202 members of the House, Republicans and Democrats, who aren't interested in clamping down on the too-big-to-fail financials that helped to get us into this mess. While there are a lot of...
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