Court of Appeals for the Fifth Circuit May 18, 1992, 91-1570 (Security Savings and Loan v. Director, Office of Thrift Supervision, Etc., and Fdic, Etc.)

WIENER, Circuit Judge:

Once again, this court must tend to casualties of the savings and loan crisis. This time, the question is whether the United States Government agreed to permit Security Savings and Loan Association (Security) to treat certain items arising from supervisory mergers with several failing thrifts as regulatory capital, and, if it did, whether Congress intended to exempt such