Then the regulators told him they had too little money to pay off the depositors.
The new field-testing rule requires regulators to tell researchers within a month whether they can proceed.
The European regulator told Microsoft that this practice blocked out rivals.
But without explicit legislation, federal regulators cannot simply tell cable companies to open their systems.
And the regulators told the firm to repay investors more than $400,000, and levied a $500,000 fine.
The idea was that the three regulators could tell bankers that there is fundamentally no difference in the way their agencies are examining banks.
But in practice, regulators usually tell executives to change their practices immediately.
Before, they were very very afraid, and their regulators and top officers had told them in effect to not make loans.
Rather, regulators told consumers that they would have to wait while new management rebuilds the insurers' assets.
Specifically, the regulators told me that Lincoln had very serious problems and there would be a criminal referral to the Justice Department.