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MetLife on Monday became the third big life insurer to settle regulatory accusations of failing to keep track of policyholder deaths, trapping money that should have gone promptly to the beneficiaries.
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Tell all your friends trapped in money-losing 401(k) stock programs that we've made it easier than ever to roll over whatever money is left into an interest-bearing (money-making) Christmas Club account.
He also knows many of the world's richest people who are financially able to surround themselves with every trapping that money can buy.
But they are trapped by the money.
Individual depositors also faced the risk of having their money trapped for weeks or even months.
"Instead, liquidity remains trapped in the money market, in deposits or in the dresser drawer".
Instead, he has been trapped in the money pits of a recession and two wars.
Tempted and tormented by images and words from elsewhere, trapped in a money economy with nothing to sell, they have no ready way of realizing their desires.
Under the terms of the broad settlement, the administrator will pay an estimated $500 million to $600 million to Mr. Giddens, ending a dispute over customer money trapped overseas.
The revised figure reflects growing concerns that the trustee will not be able to claw back $700 million in customer money trapped overseas.
That's why solutions like converting large deposits into CDs haven't been on the table; once round-tripping Russians know that they can find their money trapped for long periods, they'll go find another treasure island.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com