RTC aims to speed S&L cleanup and asset sales
The RTC vows to double resolution pace to 50 S&Ls per quarter after congressional criticism. It released a 3,000 page inventory of 30,000 properties for $50, via 1 800 431 0600. Analysts cite size of task, bailout structure, and funding uncertainties as delays while losses mount and funds may need more than the initial $50 billion.
MENTIONED IN THIS ARTICLE
Congress
RTC
Treasury
House
Ways and Means
S&l Insurance Fund
L. William Seidman
FDIC
Eceace
Bailouts reshape thrift, banks gain market share in lending
Banks surpassed thrift lenders in mortgage activity in the third quarter with 38 percent market share, while thrifts held 35 percent. The RTC replaces high cost deposits with government funds, easing stress on healthy S&Ls. Legislative changes curb risk by limiting single-lender loans, sparking credit gaps for good projects. Ethics probes reach Lincoln Savings era players as Senate investigations widen.
MENTIONED IN THIS ARTICLE
Ers
S&ls
RTC
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Citicorp
Jim Leach
Iowa
House Banking Committee
RTC Oversight Board
Housing
Federal Reserve Board
Daniel P. Kearney
Oversight Board
Treasury Department
White House
M. Danny Wall
Office of Thrift
Bush Administration
Reagan
Office of Thrift Supervision
S&l
Justice Department
Texas
Mark M. Richard
Charles H
Keating Jr
Lincoln Savings and Loan Association
Senate
Alan Cranston
D-Calif
Henry B. Gonzalez
Dtexas
Lincoln
Reagan Administration
Drexel Burnham Lambert Inc
Michael Milken
Silverado Banking, Savings and Loan Association of Denver
Neil Bush
Bush
Dillard’s
Panasonic
Yamaha
Southwestern Bell
Dillard's
MasterCard
Visa
American @ Express
Diner’s Club
Justice of Peace
Texas A&m - la Mar University
Southwest Texas State University
Judge Manuel
Fae
Justice OF the Peace
Billy Vailes
Trens
Odessa
Tex
Terry Cork
ABC
Magnavox
Southwestern Bell Freedom Phone
Freedom
Southwestern Bell Freedom
Dillard
American Express
Diner's Club
Sony Mega Bass
Sony Answering Machine
Tlillard
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