Jack Lew's MetLife Denial Syndrome

Why is the government refusing to repay money it had no right to take in the first place?For six months Secretary Jack Lew’s Treasury Department has been acting as if it never lost a court case to MetLife and still won’t return the $4.6 million it owes to MetLife shareholders. On March 30, federal Judge Rosemary Collyer rescinded the Financial Stability Oversight Council’s designation of MetLife as a systemically important financial institution. The day after the decision, Federal Reserve staff who had been camped out in the insurer’s offices vacated the premises. The Fed also told the New York Department of Financial Services, MetLife’s primary regulator, that the central bank would not participate in an upcoming supervisory meeting. The Fed understood that it had no legal authority to continue regulating MetLife, so it ended its oversight. But Treasury’s