Ads
related to: resolution trust corp rtc ii 1lawdepot.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
The Resolution Trust Corporation was established in 1989 by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), and it was overhauled in 1991. [3] In addition to privatizing, and maximizing the recovery from the disposition of, the assets of failed S&Ls, FIRREA also included three specific goals designed to channel the resources of the RTC toward particular societal groups.
SAIF is administered by the Federal Deposit Insurance Corporation. The Resolution Trust Corporation (RTC) was established to dispose of failed thrift institutions taken over by regulators after January 1, 1989. The RTC will make insured deposits at those institutions available to their customers.
These thrifts were banks that historically specialized in fixed-rate mortgage lending. [1] The Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 thrifts from 1986 to 1989, whereupon the newly established Resolution Trust Corporation (RTC) took up these responsibilities. The two agencies closed 1,043 banks ...
Laura Jean Lewis (born c. 1954 [1]) is a former senior investigator for the Resolution Trust Corporation. She is credited with initiating the Whitewater investigation against President Bill Clinton. Lewis is a native of Houston, Texas; her father was a major general in the U.S. Army.
Lewis William Seidman (April 29, 1921 – May 13, 2009) [1] was an American economist, financial commentator, and former head of the U.S. Federal Deposit Insurance Corporation, best known for his role in helping work to correct the Savings and Loan Crisis in the American financial sector from 1988 to 1991 as head of the Resolution Trust Corporation.
After its collapse, Midwest Savings was eventually placed under the "conservatorship" of the Resolution Trust Corporation (RTC) [2] until its deposits were sold to various parties. The largest share of Midwest's deposits – $638 million – went to Minneapolis banker Carl Pohlad , whose Marquette Bank Minneapolis bought the deposits of eight ...