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SPIEGEL v. RYAN

No. 90-55942.

946 F.2d 1435 (1991)

Thomas SPIEGEL, Plaintiff-Appellee, v. Timothy RYAN; Dept. of Treasury; Office of Thrift Supervision, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided October 11, 1991.

Attorney(s) appearing for the Case

William K. Black, Office of Thrift Supervision, San Francisco, Cal., for defendants-appellants.

Dennis M. Perluss, Dan Marmalefsky, Hufstedler, Kaus & Ettinger, Los Angeles, Cal., for plaintiff-appellee.

Before NORRIS, HALL and RYMER, Circuit Judges.

WILLIAM A. NORRIS, Circuit Judge:

In 1989 Congress enacted the Financial Institutions Reform, Recovery and Enforcement Act ("FIRREA"), Pub.L. No. 101-73, 103 Stat. 183 (1989). Among other things, FIRREA created the Office of Thrift Supervision ("OTS") to take over many of the savings and loan regulatory tasks previously handled by the Federal Home Loan Bank Board, which the statute abolished. Congress also armed the OTS with expanded powers to deal with the crisis...

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