TITLE

More disarray at the RTC

PUB. DATE
December 1993
SOURCE
U.S. News & World Report;12/13/93, Vol. 115 Issue 23, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses problems at the Resolution Trust Corp. (RTC), the federal agency created in 1989 to dispose of billions of dollars' worth of bad loans and foreclosed property once owned by failed savings and loans. Withdrawal of nomination of Stanley Tate, hand picked by President Bill Clinton to head the RTC; Reasons for Tate's decision; Personnel changes which hobble the agency.
ACCESSION #
9312077631

 

Related Articles

  • RTC curbs sales while writing rules on minority opportunities. Meredith, Robyn // American Banker;2/7/1994, Vol. 159 Issue 25, p3 

    Reports on the delay in Resolution Trust Corp.'s sale of its inventory. Completion of rules that expand minority bidders' opportunities to bid on failed thrifts; Number of thrifts affected by the delay; Length of the delay; Effects on institutions in minority neighborhoods; Rules' definition of...

  • The Resolution Trust Corporation: Evolution and opportunity. Watkins, Birge S. // Economic Development Review;Spring92, Vol. 10 Issue 2, Spring 1992 p86 

    Discusses opportunities from the Resolution Trust Corporation (RTC). Inventory of assets; Individual sales; Auctions; Portfolio sales of loans and real estate; RTC's securitization program; Multiple Investor Fund (MIF); Organizational structure.

  • RTC to offer $700 million in loan auction.  // Mortgage Banking;Dec95, Vol. 56 Issue 3, p7 

    Reports that the Resolution Trust Corp. will hold its final national loan auction in Kansas City, Missouri on December 13-15, 1995. Inclusion of nonperforming and performing loans.

  • Unresolved trust. Thompson, Helen // Texas Monthly;Sep92, Vol. 20 Issue 9, p88 

    Reports on the fight over a writ in the Pelican Condominiums in Port Aransas, Texas which may prove that the addendum to the Resolution Trust Corporation (RTC) act concerning low income families may be unconstitutional. Legal battle over a foreclosed unit in the Pelican; Role of low appraisal...

  • Resolution Trust conducts national loan auction.  // U.S. Banker;Nov94, Vol. 104 Issue 11, p103 

    Reports that the Resolution Trust Corp. (RTC) has sold 8, 825 loans for $222.8 million at its fifth national loan auction. Inclusion of performing and non-performing loans in the auction; Bidders; National loan auctions planned by RTC.

  • Curtain falls on the RTC. Marshall, Jeffrey // U.S. Banker;May95, Vol. 105 Issue 5, p17 

    Reports on the Resolution Trust Corp. (RTC) as it prepares for its dismantling in six years. Concluding sale of failed thrift in RTC inventory; Comments by John E. Ryan, acting chief executive; Planned merger with the Federal Deposit Insurance Corp.; Closure of regional offices.

  • Soldiers of fortune. Wilmsen, Steven // Washington Monthly;Jan/Feb93, Vol. 25 Issue 1/2, p20 

    Discusses the nation's savings and loan bailout agency, Resolution Trust Corporation's (RTC) `Operation Western Storm,' a mission to find seven billion misplaced dollars that failed. S&L debacle; How government lost and found $7 billion; The two giant blunders since the RTC's birth; `Operation...

  • The world's biggest fire sale. McCoy, F. // Black Enterprise;Jun91, Vol. 21 Issue 11, p266 

    Evaluates the opportunities for minority businesses for receiving a fair share of the $100 billion in savings and loans assets being disposed of by the Resolution Trust Corporation (RTC). History of the RTC; Current status; Indications that minorities are not being selected to do bailout-related...

  • Another look at the RTC. Davis, P. // Black Enterprise;Jun92, Vol. 22 Issue 11, p67 

    Looks at the Resolution Trust Corporation (RTC) whose massive task it was to salvage the nation's ailing savings and loan industry. Outlook for African-American-owned businesses, with the capability and desire to compete for billions in contracting fees; Comment of Ralph C. Thomas III of the...

  • Make it snappy.  // Common Cause Magazine;Summer93, Vol. 19 Issue 2, p10 

    Announces the adoption of a slogan by Resolution Trust Corp., a quasi-public agency selling assets of dead savings and loans. Staff contest for selection; Suggested slogans for other government agencies.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics