Amwest Savings Assn' v. Statewide Capital, Inc.

W. EUGENE DAVIS, Circuit Judge:

Appellants Amwest Savings Association (“Amwest”) and HSA Mortgage Company (“HSA”) appeal from the district court’s “take nothing” judgment against them. For the reasons set out below, we affirm the judgment of the district court.

I

In 1988, Amwest entered into an agreement to purchase the assets of eleven failed savings and loan associations from the Federal Savings and Loan Insurance Corporation (“FSLIC”). 1 At that time, as a result of the failure of numerous savings and loans, FSLIC’s insurance fund contained insufficient monies to cover insured deposits. In…