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With RTC does the credit crisis just vanish??

Started by steveF
almost 18 years ago
Posts: 2319
Member since: Mar 2008
Discussion about
But it was only the prospect of a more comprehensive vehicle to sweep up bad debt that emboldened investors. Congress established the RTC in 1989 to buy $394 billion worth of real estate, mortgages and other assets of hundreds of failed savings-and-loan institutions. The corporation operated for several years disposing of the associations' assets, and then went out of business. poof it's gone? banks start fresh?
Response by Special_K
almost 18 years ago
Posts: 638
Member since: Aug 2008

this is just a silly post. if it were that easy and without issue, do you really think we would be in the situation we are in now?

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Response by kgg
almost 18 years ago
Posts: 404
Member since: Nov 2007

What credit crisis?

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