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dc.creatorBoteler, James J.
dc.date.accessioned2022-03-31T20:40:33Z
dc.date.available2022-03-31T20:40:33Z
dc.date.issued1993
dc.identifier.citation24 TEX. TECH L. REV. 1169en_US
dc.identifier.urihttps://hdl.handle.net/2346/88904
dc.description.abstractInvestigates a new act enacted by Congress, to facilitate the efficient and speedy recovery of failed institution assets, the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), which increased the powers and legal rights of the Federal Deposit Insurance Corporation (FDIC). The article discusses extending the FDIC's six year limitations period to third party purchasers in order to: (1) protect the dwindling FDIC insurance fund; (2) keep the FDIC from incurring any more debt in the private sector; (3) lessen the burden that will ultimately be pushed upon the taxpayer, and (4) keep the responsibility for that debt on the proper party: the debtor himself. This extension will help alleviate some of the costs associated with bank failures.en_US
dc.language.isoengen_US
dc.publisherTexas Tech Law Reviewen_US
dc.subjectFederal Deposit Insurance Corporationen_US
dc.subjectFDICen_US
dc.subjectFifth Circuiten_US
dc.subjectFinancial Institutions Reform, Recovery and Enforcement Acten_US
dc.subjectFIRREAen_US
dc.subjectCommercial bank failuresen_US
dc.titleProtecting the American Taxpayers: Assigning the FDIC's Six Year Statute of Limitations to Third Party Purchasersen_US
dc.typeArticleen_US


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