resolution trust corp

At Housing Wire, they’re not debating the details of Treasury Secretary Timothy Geithner’s toxic assets plan that is expected to beannounced today. They’re just dismissing the whole thing as a monumental waste of time and wondering about this: Why aren’t we just re-creating a model that already works? There’s one easily at hand:  the Resolution [...]

As Charles Morris pointed out on our site Thursday, the markets are giddy over a possible Resolution Trust Corp.-like solution to this week’s big meltdown on Wall Street. The only problem, Morris explained, is that the RTC wasn’t actually a bailout and didn’t buy up bad mortgages from ailing banks.
The details don’t seem to matter [...]