Friday, July 30, 2010
Met Life says its raining again.
At least on the backs and shoes of its death benefits account holders. You know those accounts that are not FDIC insured because they are mixed with the general funds of the company, that are accessible only by draft (even if it looks like a check) and pay a miserable rate of return because MetLife pockets the rest.
Chief Executive Officer Robert Henrikson said today in a conference call with analysts. “Our accountholders tell us they love it.With a picture of the jowly, old pig himself.
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