Tag:
Rtc
Latest Headlines
Latest Headlines
Soros offers an alternative rescue plan
George Soros, once known as the Man Who Broke the Bank of England, was in Washington to make clear that he doesn't think much of the bailout plan that Congress just rejected. Rather than an RTC-like plan, he suggested an alternative that would recapitalize banks in similar fashion using preferred
Can we improve on the RTC bailout model?
When you think about it, the Resolution Trust Company set a pretty high bar. Created in 1989 to shutter failed thrifts and sell their assets, it was able to pay all obligations to depositors, even as hundreds of executives and directors were convicted. In sum, the RTC managed to sell $459 bill
