Project details
The Resolution Trust Corporation is the Federal Agency responsible for dealing with the crisis in the Savings & Loan industry. When an institution fails, the RTC closes the institution, pays off depositors, and attempts to sell the institution in whole or part. Frequently, assets are passed on to acquirers of the institution and the RTC retains only a portion of the assets held. The term “assets” generally includes all types of loans and tangible assets, like land and subsidiary institutions.
– Cowan, Charles D.; Klena, Mathew J., Resolution Trust Corp,
