Back To The Future: How To Deal With The FDIC

Law360, New York (May 25, 2010, 1:16 PM EDT) -- For practitioners old enough to remember, the Federal Deposit Insurance Corporation, and its cousin the Resolution Trust Corporation, were regular players in the 1990s during the last severe bank crisis in the United States. Just like in a popular movie sequel, we too can now scream, “They're baaaaack!” Recent reports confirm the rising number of bank failures. The FDIC is opening new offices and announces more bank takeovers weekly. As a result, borrowers’ lawyers now find that the opposing party is not the lending bank, but...
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