The Resolution Trust Corporation (RTC) was created to

Question

Quizplus · Accepted Answer

The Resolution Trust Corporation (RTC) was created in 1989 to dispose of the properties of failed savings and loans (S&Ls) and help revitalize the troubled S&L industry. The RTC was responsible for selling off assets of failed S&Ls, resolving claims against failed institutions, and managing those institutions that were insolvent. The RTC effectively resolved the S&L crisis of the late 1980s and early 1990s, which had resulted in the failure of over 1,000 S&Ls and a bailout cost of over $100 billion to the taxpayers. Therefore, option D is the best choice.

The Resolution Trust Corporation (RTC) Was Created to