Federal Deposit Insurance v. Hildenbrand

ORDER DENYING MOTION FOR RECONSIDERATION AND FOR ENTRY OF JUDGMENT IN FAVOR OF DEFENDANT

KANE, Senior District Judge.

Before me is another in a continuing procession of cases that arose when the combination of sciolistic laissez faire banking policy and individual greed produced the savings and loan debacle of the late 1980’s and early 1990’s. During that time hundreds of banks, including Key Savings & Loan (“Key S & L”), folded when risky loans went bad in a period of economic downturn. Since then federal regulators have engaged in Procrustean exercises to bring to the bar not only the wolves…