Credit Suisse First Boston Mortgage Securities Corp. v. Federal Deposit Insurance Corp.

Whether the U.S. Court of Appeals for the 2nd Circuit erred by construing a provision of the Financial Institutions Reform, Recovery, and Enforcement Act, 12 U.S.C. § 1821(d)(14)(A), not only to extend statutes of limitation, but also to impliedly displace the three-year statute of repose in the Securities Act of 1933, 15 U.S.C. § 77m, so as to allow the Federal Deposit Insurance Corporation, standing in the shoes of a failed bank, to bring securities claims that had been extinguished by the Securities Act's statute of repose.