Archive for August, 2008
The Resolution Trust Corporation
As stated in a recent article by Tom Saler, fully 1/2 of all banks in America went out of business after the fallout from bad banking in the late 80’s/90’s.”Over the 10 years through 1995, 1,043 thrifts with assets of $500 billion failed, wiping out half the industry. By the time the Resolution Trust Corporation […]
Where is our Resolution Trust Corporation?
The following is an article by Tom Saler about the eventual fallout of this financial crisis. I believe it is right on.Subprime mortgage trauma is similar to S&L crisis
Posted: Aug. 24, 2008
Tom SalerE-MAIL
If you think the subprime mortgage horror show looks disturbingly familiar, it’s because you’ve probably seen this movie before.The last time the U.S. […]