No, it doesn't come out of the RTC, it comes out of the New Deal of the 1930s (the Home Owners' Loan Corp.). The RTC didn't facilitate the refinancing of the debt it acquired, it sold the debt in bulk where possible. It foreclosed where it couldn't get rid of the debt. It was a liquidator, not a savior. Dodd's reaching back to The Great Depression for a quick fix in an economic environment that does not justify such a drastic measure. Then again, it's an election year, isn't it?
Kevin | Homepage | 01.24.08 - 1:53 pm | #

Kevin - on second read, you're absolutely right. I'm going to update the post accordingly ...
P. Jackson | Homepage | 01.24.08 - 2:46 pm | #