Monday, December 29, 2014

Too big to be left alone: Metlife Fights The Fascist State

The New York Post reports:
How screwy is Washington these days? Here’s a sign: One of New York’s most important and well-run companies met with the feds — to make clear it had no intention of asking for a bailout.

The company is MetLife, which didn’t ask for a bailout in the 2008 financial crisis and isn’t planning on doing so in the future. But instead of applauding, the feds have just slapped a “Too Big To Fail” label on the company, which puts it under more regs and puts taxpayers instead of shareholders on the hook should the company go belly up.
Isn't it time to separate economy from state?