How the Coming Credit Crunch Could Harm the Economy and Real Estate Prices
Money For the Rest of Us
00:00
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.
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
