McHOSE v. FEDERAL DEPOSIT INS. CORP.

No. 88-2729.

882 F.2d 1311 (1989)

Richard McHOSE, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided August 17, 1989.

Rehearing Denied September 20, 1989.

Motion to File Bill of Costs Out of Time Granted October 11, 1989.


Attorney(s) appearing for the Case

Delbert C. Binford, Des Moines, Iowa, for appellant.

E. Whitney Drake, Washington, D.C., for appellee.

Before JOHN R. GIBSON and WOLLMAN, Circuit Judges, and BROWN, Senior Circuit Judge.


JOHN R. BROWN, Circuit Judge.

Starting with all of the earmarks of an olympian stand-off between the supremacy of federal law as enhanced by the FDIC's Herculean power of 12 U.S.C. § 1823(e), and the Iowa law of accord and satisfaction, this case comes to an end as would any routine Iowa contract dispute.

In the Beginning

This case is really quite pedestrian. On April 10, 1984, McHose borrowed $20,000, with interest from Osceola Bank and Trust...

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