Resolution Trust Corp.

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Resolution Trust Corp. (RTC) was a rescue company founded in the 1980s by the then US government. The purpose of this was to purchase real estate, mortgages and other assets for a total of $ 394 billion, which came from hundreds of collapsed savings and loan banks.

The rescue company RTC existed between 1989 and 1993. It was dissolved after it was able to successfully sell all assets over the years.

The current US administration with the current Treasury Secretary Henry Paulson are planning a similar rescue operation. They want to buy up the bad loans and mortgages, which are considered to be the trigger of the financial crisis in 2007 with the peak in September 2008, for around $ 700 billion through a newly founded company and then to be able to place them back in the market over the years.