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FEDERAL DEPOSIT INS. CORP. v. CONDIT

No. 87-1927.

861 F.2d 853 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, In Its Corporate Capacity, Plaintiff-Appellee, v. Paul J. CONDIT, et al., Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

December 15, 1988.

Attorney(s) appearing for the Case

Michael H. Carper, Lubbock, Tex., for defendants-appellants.

Harold H. Pigg, Brock, Morton & Pigg, Lubbock, Tex., for plaintiff-appellee.

Before GOLDBERG, GARWOOD and JOLLY, Circuit Judges.

GOLDBERG, Circuit Judge:

The controversy before us involves familiar faces: a failed bank, the FDIC, and displeased debtors. Their features are common, and are framed for the most part by ordinary headwear. But we discern some marks of distinction in this case because the FDIC wears two hats — one as an insurer ("FDIC-Corporate") and one as a receiver ("FDIC-Receiver"). The debtors contend that the district court distorted the FDIC's countenance by rejecting...

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