When a federal bank examiner leans on a bank to close a customer’s account and that closure destroys the customer’s business, the government has taken private property without paying for it. That is a distinct constitutional claim, separate from the shareholder duty-of-care questions now working through the courts, and on June 10, the Department of […]
When a federal bank examiner leans on a bank to close a customer’s account and that closure destroys the customer’s business, the government has taken private property without paying for it. That is a distinct constitutional claim, separate from the shareholder duty-of-care questions now working through the courts, and on June 10, the Department of […]
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