How the Coming Credit Crunch Could Harm the Economy and Real Estate Prices
Money For the Rest of Us
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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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