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MetLife's Big Win for Taxpayers

A federal judge lets the insurer quit the too-big-to-fail club.

The Dodd-Frank Act of 2010 has become a license for regulators to control the U.S. financial system, and on Wednesday the insurance company that dared to resist won a legal reprieve. Federal Judge Rosemary Collyer rescinded the federal government’s designation of MetLife as a “systemically important” institution.

Thanks to Judge Collyer, taxpayers are now standing behind one fewer financial giant. And thanks to MetLife’s Steve Kandarian, the one CEO with the gumption to challenge the Financial Stability Oversight...

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