Court of Appeals for the First Circuit July 1, 1992, 91-1976, 91-1977 (Capitol Bank & Trust Co. v. 604 Columbus Avenue R6ealty Trust)

BOWNES, Senior Circuit Judge.

This is a case involving a failed loan transaction that well illustrates Polonius’ advice, “[njeither a borrower, nor a lender be.”

1

These appeals require us to determine,

inter alia,

the applicability of certain federal defenses available to the Federal Deposit Insurance Corporation (FDIC) in its capacity as receiver when it seeks to enforce against a bankrupt