The combative former chief executive officer of American International Group led the insurer, once the worlds largest, to repay a $182.3 billion taxpayer bailout.
MetLife Inc. CEO Steven Kandarian was accompanied by Washington lawyer Eugene Scalia at a hearing today to challenge regulators proposal to subject the insurer to Federal Reserve oversight, a person with knowledge of the matter said.
In Maurice Hank Greenbergs telling, the $182 billion taxpayer bailout that saved AIG and perhaps all of Wall Street during the 2008 financial collapse was a government rip-off.
The designation of MetLife as a systemically important financial institution on Thursday drew an immediate response from the P&C insurance industry.