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Home Q & A Board Humanities Legal Studies
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mandyns mandyns
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6 years ago
Agency Investigation. The Federal Home Loan Bank Board (FHLBB) operated the Federal Savings and Loan Insurance Corporation (FSLIC). The FHLBB's duties included examining all FSLIC-insured institutions to determine whether they were being operated properly under applicable laws and regulations. As part of an investigation of Texas-based Vision Banc Savings and Loan, the FHLBB became suspicious of a large loan made to Sandsend Financial Consultants, Ltd. Hoping to trace the proceeds of the loan, the FHLBB subpoenaed Sandsend's financial records from a second bank, West Belt. Sandsend requested a federal district court to void the subpoena. Should the court grant this request? Explain fully.
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cdbaker97cdbaker97
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6 years ago
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