Resolution Trust Corporation Restructuring
1991-09-15T12:34:13-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMDIyXC8xOTkxMDkxNTEyNDMxMzAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The subcommittee heard testimony on proposals to restructure the Resolution Trust Corporation, a corporation created by Congress to collect and sell the assets of failed savings and loans. Mr. Seidman, chairman of the Federal Deposit Insurance Corporation, introduced a proposal to restructure the RTC by removing FDIC control of the agency, and reduce the power of the agency’s oversight board. The Bush administration previously requested $80 billion to continue the savings and loan bailout, as the funds for the bailout were predicted to run out by the end of 1991.
The subcommittee heard testimony on proposals to restructure the Resolution Trust Corporation, a corporation created by Congress to collect … read more
The subcommittee heard testimony on proposals to restructure the Resolution Trust Corporation, a corporation created by Congress to collect and sell the assets of failed savings and loans. Mr. Seidman, chairman of the Federal Deposit Insurance Corporation, introduced a proposal to restructure the RTC by removing FDIC control of the agency, and reduce the power of the agency’s oversight board. The Bush administration previously requested $80 billion to continue the savings and loan bailout, as the funds for the bailout were predicted to run out by the end of 1991. close
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- David Cooke Executive Director Resolution Trust Corporation
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