RTC and FDIC Asset Management
1991-06-17T21:12:00-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNjcxXC8xOTkxMDYxNzIxMzQ1NTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The subcommittee heard testimony on the Resolution Trust Corporation and Federal Deposit Insurance Corporation’s systems for managing and disseminating assets from failed savings institutions. The Resolution Trust Corporation was created and authorized by Congress to take over and sell the assets of failed savings and loans. It is currently governed by two separate boards, with involvement from both private and public agencies. Subcommittee Chairman Vento authored the RTC Reform and Accountability Act to simplify the process by which the RTC liquidates failed savings and loans. In the hearing he advocated comprehensive reform of the RTC, including the complete separation of the FDIC from the RTC. Complete reform would increase accountability for the conduct of the RTC and would allow closer financial management than is available in the present bureaucracy.
The subcommittee heard testimony on the Resolution Trust Corporation and Federal Deposit Insurance Corporation’s systems for managing and di… read more
The subcommittee heard testimony on the Resolution Trust Corporation and Federal Deposit Insurance Corporation’s systems for managing and disseminating assets from failed savings institutions. The Resolution Trust Corporation was created and authorized by Congress to take over and sell the assets of failed savings and loans. It is currently governed by two separate boards, with involvement from both private and public agencies. Subcommittee Chairman Vento authored the RTC Reform and Accountability Act to simplify the process by which the RTC liquidates failed savings and loans. In the hearing he advocated comprehensive reform of the RTC, including the complete separation of the FDIC from the RTC. Complete reform would increase accountability for the conduct of the RTC and would allow closer financial management than is available in the present bureaucracy. close
People in this video
- Molly Boyle Assistant Director General Accounting Office->General Government Division
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- Gaston Gianni Assistant Director General Accounting Office->General Government Division
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- Howard Rhile General Accounting Office->General Government Division
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