Goals of Resolutions and Asset Sales
In a press conference at the Resolution Trust Corporation, the chairman of the Federal Deposit Insurance Corporation, William Seidman, spoke… read more
In a press conference at the Resolution Trust Corporation, the chairman of the Federal Deposit Insurance Corporation, William Seidman, spoke on efforts being taken to aid financially unstable savings and loans and the RTC itself. Congress passed legislation the previous week granting the Resolution Trust Corporation $30 billion to help restore financial security in the ailing institutions. In his remarks, Mr. Seidman announced the RTC’s goal of the sale of $65 billion in assets through the rest of the fiscal year. Over 200 savings and loans are to be sold through the rest of the fiscal year. close
People in this video
- David Cooke Executive Director Resolution Trust Corporation
- Lamar Kelly Deputy Executive Director Resolution Trust Corporation
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