- “We believe we have the legal case to prevail on appeal,” says Treasury Secretary Jacob Lew, speaking to a court's decision to strike down the government's designation of MetLife (MET -0.2%) as a SIFI. "We don't believe that the end of the Metlife case will be to de-designate," he says, though quickly adding that's for the courts to decide.
- He says the records of the FInancial Stability Oversight Council (which made the SIFI designation) support its decision, and the court's basis for reversing it was "very flawed."