During the early 1930's, legislation was passed which created the Federal Deposit Insurance Corporation (F.D.I.C.) and the Federal Savings and Loan Insurance Corporation.
"RED ALERT: The D'Oench Doctrine's Expansion Can Cause Financial Ruin for Borrowers When Insured Lenders Become Insolvent,"
Nova Law Review: Vol. 17:
4, Article 16.
Available at: https://nsuworks.nova.edu/nlr/vol17/iss4/16