Federal Deposit Insurance Corp. v. Henry E. McClanahan

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “[the borrower], rather than the FDIC or the innocent depositors or creditors of the failed bank, must bear the consequences of [the] unfortunate involvement with [the failed bank]”
• stating that both 1823(e) and D’Oench, Duhme are available to the FDIC
• defendant “rather than the FDIC or the innocent depositors or creditors of the failed bank” should bear loss
• failure to recover signed promissory note after loan was refused amounted to conduct likely to mislead bank examiners
• borrower who acts recklessly cannot rely upon defenses of failure of consideration or fraud in the inducement in an attempt to overcome application of the D’Oench doctrine
• defendant recklessly signed blank promissory note and delivered it to a man previously convicted of bank fraud

Source: CourtListener parenthetical corpus (CC0).