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How the Coming Credit Crunch Could Harm the Economy and Real Estate Prices
Money For the Rest of Us
The RTC and the Savings and Loan Crisis
The Federal Government established the Resolution Trust Corporation to unwind collapsed savings and loans. Many hedge funds made a lot of money on those assets because they bought them cheap, they held them, and then they sold them. The losses were $100 billion, which seems small compared to just in the last month when we've had $80 billion borrowed from the Fed by banks.
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