‘Not gonna do it; wouldn’t be prudent’ (Did it!)
By David Scheidemantle
‘Not gonna do it; wouldn’t be prudent’ (Did it!)

“Due to its size, our settlement of a multimillion-dollar proceeding against multiple federal regulators required the approval of the President of the United States (then George H.W. Bush) and the Secretary of the Treasury.  Our client was the parent company of a failed savings and loan association.  After waiting months for the Administration to focus its attention on the matter, the needed approval was obtained on the eve of trial.”

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