Resolution Trust Corporation
Company
America's leadership deficitThat works for me. The Troubled Asset Relief Program, or TARP, was intended to create an updated version of the savings and loan crisis-era Resolution Trust Corporation, which purchased bad loans and mortgages from banks and ultimately made... In this article: Barack Obama, China, The Federal Reserve, Oprah Winfrey, Troubled Asset Relief Program, Unemployment, TARP, Beijing, and George W. Bush |
-
Prime Newswire | November 09, 2009
Toll Brothers Announces Promotion of Douglas C. Yearley, Jr. to Executive Vice President
...for nineteen years. He joined the Company in 1990, initially specializing in land acquisitions from financial institutions and the Resolution Trust Corporation. Since then he has helped oversee the substantial growth of the Company...
In this article: Toll Brothers, New Jersey, Pennsylvania, Recession, Horsham, and Cornell University
-
Reuters | November 05, 2009
FDIC eyes securitization for failed bank assets
By Nancy Leinfuss In a move reminiscent of the Resolution Trust Corp, the government agency charged with insuring deposits and thrifts may employ securitization as a tool to help mop up assets of failed U.S. banks. There have been 115...
In this article: FDIC, RTC, U.S., Balance sheet, and Safe harbor
-
Seeking Alpha | November 05, 2009
Friday's Jobs Report: Unemployment Bumps 10%?
...sized businesses. The TARP was intended to create a bad bank mechanism to sweep troubled assets off the books of the banks, much like the Resolution Trust during the Savings and Loan Crisis of the early 1990s. Instead, President Obama and...
In this article: Unemployment, Barack Obama, Recession, Timothy Geithner, Labor Department, Bill Clinton, China, Goods and services, United States, and Federal Reserve
-
WSJ.com: Markets | October 30, 2009
Consumer Woes Weigh
...take over the insolvent institutions that caused the crisis and then systematically liquidating their assets -- as was done with the Resolution Trust Corporation's approach to the Savings and Loan crisis in 1989 -- we bailed them out and...
In this article: The Fed, Balance sheet, Recession, Unemployment, House Financial Services Committee, Washington, and NEW YORK
-
Denver Post: Local News | October 20, 2009
New Frontier fire sale gets 27 cents on dollar
...the auction process makes sense. "The RTC, even as bumbling as they were, got 70 cents on the dollar," he said, referring to the Resolution Trust Corp. But the situations are different because the value of the thrift collateral - real...
In this article: FDIC, The Denver Post, RTC, Resolution Trust Corp., and Colorado Rockies
-
PR Newswire: Automotive Industry | October 19, 2009
Hotel Asset Recovery Team Formed to Help Grand Strand Hotel Owners, Lenders and Special Servicers Through Worst Real Estate Crisis in More than 50 Years
...acquisitions/divestments and asset management. He created and led the Hotel and Hospitality Products Marketing Division of the Resolution Trust Corporation (RTC) in the early 1990s, the last major hospitality financial crisis. During his...
In this article: South Carolina, Myrtle Beach, Joint venture, Bankruptcy, RTC, and Coastal Carolina University
-
St. Petersburg Times | October 16, 2009
Is Florida commercial real estate due for a case of the nasties?
...supposedly for the purpose of shutting down hundreds of banks and auctioning off their toxic assets. The process would resemble the Resolution Trust Corp's liquidation of real estate during the savings & loan crisis of the late 80s/early...
In this article: Florida, Tampa, Florida, Docket, Recession, The St. Petersburg Times, Resolution Trust Corp, Federal Deposit Insurance Corp., and Jacksonville
-
Forbes.com News | October 12, 2009
FDIC Woes Signal Larger Problem
...(FSLIC) became insolvent and was dissolved, leaving FDIC responsible for covering depositors' accounts. The creation of the Resolution Trust Corporation (RTC) in 1989, under the FDIC, helped to support the process of valuing and...
In this article: Federal Deposit Insurance Corporation, RTC, Balance sheet, Financial crisis, Federal Savings and Loan Insurance Corporation, Timothy Geithner, and Freddie Mac
-
L.A. Times - Money & Company | September 23, 2009
Real estate vulture Colony Capital set to launch REIT IPO
...properties worldwide using its own capital and money from well-heeled investment clients. The firm got its start buying assets from the Resolution Trust Corp., which disposed of properties seized from failed savings and loans. With Colony...
In this article: Tom Barrack, Colony Capital, Michael Jackson, Fortune magazine, Resolution Trust Corp., Leon Black, Los Angeles Times, and New York Stock Exchange
-
Forbes.com News | August 31, 2009
Our Day Tradin' Government
It's a shot at $173 million. It's clearly too early to count our bailout returns. We should keep in mind that returns from the Resolution Trust Corporation, considered a successful working out of the Savings and Loans failures of the...
In this article: Citigroup, AIG, Wall Street, TARP, Timothy Geithner, Jpmorgan Chase, and Senate Finance Committee
Trends
Loading...
More on Resolution Trust Corporation
Description from Wikipedia:
The Resolution Trust Corporation (RTC) was a United States Government-owned asset management company charged with liquidating assets (primarily real estate-related assets, including mortgage loans) that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision, as a consequence of the savings and loan crisis of the 1980s. It also took over the insurance functions of the former Federal Home Loan Bank Board. It was created by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), adopted in 1989. In 1995, its duties were transferred to the Savings Association Insurance Fund ("SAIF") of the Federal Deposit Insurance Corporation or FDIC. In 2006, the SAIF and its sister fund for banks (Bank Insurance Fund or "BIF"), also administered by the FDIC, were combined to form the Deposit Insurance Fund ("DIF") under the provisions of the Federal Deposit Insurance Reform Act of 2005. See more at FDIC.
Between 1989 and mid-1995, the Resolution Trust Corporation closed or otherwise resolved 747 thrifts with total assets of $394 billion.
Explore everything named Resolution Trust Corporation...