
	Where results make sense

Topic: Resolution Trust Corporation

Related Topics

Monica Lewinsky

	Resolution Trust Corporation - Wikipedia, the free encyclopedia
		The Resolution Trust Corporation was a US government owned asset management company mandated to liquidate assets (primarily real estate-related assets, including mortgage loans) that had been assets of savings and loan associations ("SandLs") declared insolvent by the Office of Thrift Supervision.
		In 1995, its duties were transferred to the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation.
		According to Joseph E. Stiglitz in his book, Towards a New Paradigm in Monetary Economics, page 243, the real reason behind the need of this company was to allow the United States government to subsidize the banking sector in a way that wasn't very transparent and therefore avoid the possible resistance.
	en.wikipedia.org /wiki/Resolution_Trust_Corporation (252 words)

	[No title]
		The RTC contends that this sentence manifests congressional intent to preserve the RTC's ability to seek recovery from directors and officers under all "other applicable laws," including the less forgiving negligence and fiduciary duty standards of care under state law and federal common law.
		Given the RTC’s concession that it can only bring federal common law claims against directors and officers of federally chartered institutions and not against their state-chartered counterparts, the answer to the Miramon court’s question is clear.
		This concession flows from the RTC’s recognition that the applicable law governing the liability of officers and directors for their stewardship of the corporation is the law of the jurisdiction of incorporation.
	vls.law.vill.edu /locator/3d/June1995/95a1086p.txt (10871 words)

	[No title]
		Since promulgation of the regulatory scheme, the RTC and its predecessors have interpreted the regulations to require the aggregate of all accounts held jointly by the same two persons to be insured to the same extent as the aggregate of all accounts held by a single person.
		The RTC's predecessor's publication of pamphlets describing its procedures for calculating insurance for joint accounts was clearly meant to interpret and clarify the insurance regulations, which have been applied consistently in accordance with the publications' descriptions.
		The RTC in large part took over the former role of the FDIC which, in turn, took on new duties, including the functions of the Federal Savings and Loan Deposit Insurance Corporation, which was ended.
	vls.law.vill.edu /locator/3d/Nov1994/94a0881p.txt (4549 words)

	[No title] (Site not responding. Last check: 2007-10-31)
		RTC management fairly stated that those controls in place on December 31, 1995, provided reasonable assurance that losses, noncompliance, or misstatements material in relation to the financial statements would be prevented or detected on a timely basis.
		Because RTC relied on its computerized information systems extensively, both in its daily operations and in processing and reporting financial information, the effectiveness of general controls is a significant factor in ensuring the integrity and reliability of financial data.
		Loss funds not used for RTC resolution activity are available until December 31, 1997, for losses incurred by the SAIF, if the conditions set forth in the Resolution Trust Corporation Completion Act are met.\7 Also, according to the act, unused loss funds will be returned to the general fund of the Treasury.
	www-snde.rutgers.edu /Rutgers/Econ204/RTC_audit.txt (5934 words)

	OSCN Found Document:Resolution Trust Corp. v. Grant
		In opposition to the motion to dismiss, Resolution Trust argued that the cause did not accrue or that the limitations period was tolled while Sooner was adversely dominated by its directors.
		Resolution Trust argues that the doctrine of adverse domination is applicable to situations involving mere negligence, and that a cause of action will not accrue while the corporation is under majority control of the culpable directors.
		Resolution Trust relies upon Oklahoma case law demonstrating that the discovery rule is not applied merely to cases of fraud and intentional wrongdoing and upon extant case law for the proposition that the adverse domination doctrine applies to causes in which fraud and overt wrongdoing are not alleged.
	www.oscn.net /applications/oscn/DeliverDocument.asp?citeID=4182 (6442 words)

	AllPolitics - Whitewater - The RTC Investigation
		However, from the get-go, the RTC investigation, and the administration's effort to police itself on Whitewater matters, were fraught with controversy and allegations (mostly from Republicans) of obstruction of justice and cover-up.
		He charged that the RTC was illegally withholding Whitewater documents that would incriminate the Clintons, and that regional RTC criminal investigators were being controlled by the Washington office.
		In the House, lawmakers heard testimony from Jean Lewies, the RTC investigator who made the Madison criminal referrals, who testified under oath that her RTC superiors were biased towards the Clintons.
	www.cnn.com /ALLPOLITICS/1997/gen/resources/infocus/whitewater/rtc.html (576 words)

	Sec. 1441a. Thrift Depositor Protection Oversight Board and Resolution Trust Corporation (Site not responding. Last check: 2007-10-31)
		(B) Status The Corporation shall be deemed to be an agency of the United States for purposes of subchapter II of chapter 5 and chapter 7 of title 5 when it is acting as a corporation.
		The Corporation, when it is acting as a conservator or receiver of an insured depository institution, shall be deemed to be an agency of the United States to the same extent as the Federal Deposit Insurance Corporation when it is acting as a conservator or receiver of an insured depository institution.
		The chief executive officer of the Corporation shall be appointed by the President, by and with the advice and consent of the Senate, and shall serve at the pleasure of the President.
	www.washingtonwatchdog.org /documents/usc/ttl12/ch11/sec1441a.html (9000 words)

	Encyclopedia of Business, 2nd ed. - Res-Sec
		The Resolution Trust Corporation (RTC) was a temporary federal agency established in 1989 to oversee the disposal of assets from failed savings and loan (S&L) institutions.
		Specifically it was meant to curtail two types of anticompetitive behavior: the growth of giant monopolies through mergers and various price-fixing schemes and agreements.
		Known formally as subchapter S corporations, a name derived from the section of the U.S. tax code dealing with them, S corporations are small business corporations specially designated by the Internal Revenue Service (IRS).
	www.referenceforbusiness.com /encyclopedia/Res-Sec/index.html (1138 words)

	[No title]
		The RTC, as receiver, retains the liabilities of New Freedom, and occupies New Freedom's place with respect to petitioners' claims against the failed institution.
		Where, as here, a party asserts against the RTC claims based on an institution's alleged agreements respecting an extension of credit, and the alleged agreements have not been documented in writing approved by the institution's board of directors or loan committee, or reflected in the insti- tution's loan records, the claims are correctly barred.
		RTC as re- ceiver, which represents the taxpayers, as well as the failed institution's creditors and depositors, the borrower should bear the risk of failing to insist on proper documentation and approval of representations on which the borrower relies.
	www.usdoj.gov /osg/briefs/1994/w942014w.txt (2434 words)

	Resolution Trust Corporation at sunset: Transferring a records management function, The ARMA Records Management ...
		The mission of the RTC was to resolve failed thrift institutions and dispose of their assets.
		The RTC Completion Act of 1993 established December 31, 1995, as the "sunset date" for the RTC and designated the Federal Deposit Insurance Corporation (FDIC) as its successor agency.
		Consequently, FDIC and RTC records managers had to develop a policy for managing the RTC's inactive records in the three locations that were remote from the FDIC offices with a potential interest in the records.
	www.findarticles.com /p/articles/mi_qa3691/is_199610/ai_n8742395 (803 words)

	US CODE: Title 12,1441b. Resolution Funding Corporation established
		To purchase capital certificates issued by the Resolution Trust Corporation under section 1441a of this title, and to transfer amounts to the Resolution Trust Corporation pursuant to subsection (e)(8) of this section.
		The Funding Corporation, like the Federal Home Loan Banks, shall be treated as an agency of the United States for purposes of the first sentence of section 3124 (b) of title 31 (relating to determination of tax status of interest on obligations).
		Except as provided in subsection (f)(7)(B) of this section, the Funding Corporation shall be treated as a Federal Home Loan Bank for purposes of section 1433 of this title (to the extent such section relates to State, municipal, and local taxation) and section 1443 of this title.
	www.law.cornell.edu /uscode/12/usc_sec_12_00001441---b000-.html (3497 words)

	Resolution trust corporation (RTC) (Site not responding. Last check: 2007-10-31)
		A temporary federal government corporation chartered by congress in 1989 and affiliated with the fdic that: (1) ensures that customers of failed thrifts have access to their insured deposits, and (2) disposes of the assets of failed thrifts.
		The rtc receives overall policy guidance from the thrift depositor protection oversight board.
		The rtc was scheduled to finish its work and go out of business by december 31, 1995, and stopped accepting newly failed institutions on june 30, 1995.
	www.militaryfinance.net /Glossary/Detailed/2109.html (88 words)

	US CODE: Title 12,1441a. Thrift Depositor Protection Oversight Board and Resolution Trust Corporation
		The Corporation shall be deemed to be an agency of the United States for purposes of subchapter II of chapter 5 and chapter 7 of title 5 when it is acting as a corporation.
		The Corporation’s authority to issue obligations and guarantees shall be subject to general supervision by the Thrift Depositor Protection Oversight Board under subsection (a) of this section and shall be consistent with subsection (j) of this section.
		The Corporation shall have an annual goal that presents the maximum practicable opportunity for small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, and qualified HUBZone small business concerns (as defined in section 632 (p) of title 15) to participate in the performance of contracts awarded by the Corporation.
	www4.law.cornell.edu /uscode/12/1441a.html (9280 words)

	resolution trust corporation
		and who, as a result, is recorded on the corporation's securityholder records (as maintained by the transfer...
		bonds and raise funds for the activities of the Resolution Trust Corporation, as well as to administer struggling...
		An IPO in which privately held shares in a corporation are sold to the public.
	www.mcclproject.org /money/resolution+trust+corporation (658 words)

	[No title] (Site not responding. Last check: 2007-10-31)
		Except as indicated, the address for all staff identified in the agenda is Resolution Trust Corporation, 801 17th Street NW., Washington, DC 20434-0001.
		Under FIRREA, the RTC was given powers to adopt such rules, regulations, standard policies, procedures, guidelines, and statements as the Corporation considers necessary or appropriate to carry out its mission.
		Twice each year, the RTC publishes an agenda of regulations to inform the public of its regulatory actions and to enhance public participation in the rulemaking process.
	ciir.cs.umass.edu /ua/October1995/preambles/file-63.html (215 words)

	OSCN Found Document:Resolution Trust Corp. v. Greer
		RTC and Babb urge that lending corporate funds to Armstrong and Massey [both Mega II directors] (1) violates the terms of 18 O.S. and (2) amounts to Greer's breach of a common-law fiduciary duty to Mega II as one of its officers and/or directors.
		Assuming that Greer held corporate offices in Mega II [an issue we need not re-explore here], redress for any breach of a non-statutory duty attendant upon his [911 P.2d 265] fiduciary status would belong to the corporation alone, not to its creditors.
		The sixth theory is premised upon a breach of common-law duty owed to a corporation by its officers and directors.
	www.oscn.net /applications/oscn/DeliverDocument.asp?citeID=4240 (4312 words)

	FDIC: FDIC Banking Review - A Survey of Current and Potential Uses of Market Data by the FDIC
		With respect to size, the administration initially conceived of the RTC as a relatively small entity. Although a Republican administration was forced to swallow the bitter pill of paying for a good part of the rescue with taxpayer dollars, it disdained to establish a large new federal bureaucracy.
		Other aspects of the administration’s original plan for the RTC’s structure and function also underwent change, largely as a result of a debate that was mostly carried on within the government—unsurprisingly, given that the establishment of the RTC involved allocating and reallocating governmental responsibilities.
		The conference report noted that the RTC provisions in the final bill consisted of “the Administration’s proposal as modified by additional comments made by the Administration during the course of the conference” (U.S. House [1989c], 412).
	www.fdic.gov /bank/analytical/banking/2005jul/article2.html (6397 words)

	Resolution Trust Corporation - LexisNexis InfoPro - Zimmerman's Research Guide
		Gayle shares her expertise and experience in the August Column and all the weekly research tips appearing this month.
		The Resolution Trust Corporation (RTC) was the government agency created to salvage what it could from the Savings & Loan crisis of the late 1980s.
		The RTC has been dissolved; its responsibilities were transferred to the Savings Association Insurance Fund in 1995.
	www.lexisnexis.com /infopro/zimmerman/disp.aspx?z=1895 (117 words)

	Township of Green v. Block 56, Lot 23
		A secured creditor objected to a foreclosure on the grounds that the municipality failed to secure the Resolution Trust Corporation’s consent to commence foreclosure, as required by 12 U.S.C. sec.
		The municipality appealed, claiming that federal law did not require the Resolution Trust’s consent and that the sovereign immunity enjoyed by Resolution Trust could not be extended for the benefit of a secured creditor.
		When property is held by the Resolution Trust Corporation, no tax foreclosure may be instituted without its consent.
	www.meislik.com /main/cases/summary_mostrecent/2445 (148 words)

	BFP v. RESOLUTION TRUST CORPORATION
		Petitioner took title subject to a first deed of trust in favor of Imperial Savings Association (Imperial)[1] to secure payment of a loan of $356,250 made to the Pedersens in connection with petitioner's acquisition of the home.
		Petitioner granted a second deed of trust to the Foremans as security for a $200,000 promissory note.
		[1] Respondent Resolution Trust Corporation (RTC) acts in this case as receiver of Imperial Federal Savings Association (Imperial Federal), which was organized pursuant to a June 22, 1990, order of the Director of the Office of Thrift Supervision, and into which RTC transferred certain assets and liabilities of Imperial.
	techlawreporter.com /toa/courts/ussct/opinions/html/511US531-ALL.html (10663 words)

	Welcome to Adobe GoLive 4
		Corporation (the "RTC"), where the RTC acquired the notes by taking over a bank that purchased them on the
		RTC's interest therein could not be defeated by the alleged fraudulent inducement by the predecessor banks,
		RTC, but it is rather an alleged liability of the failed bank to a past provider of services.
	www.jmurraylaw.com /fox.html (5436 words)

	[Archives] [Image] [Image]
		A RESOLUTION TRUST CORPORATION "CRIB" SHEET - to understand why Whitewater Smear Campaign was so important to the Republican Party in late 1993 and early 1994.
		Irons later testified she told him that she had informed the RTC in Washington and they wanted her to take action.
		, the only person in the Resolution Trust Corporation or in the Federal government who was investigating Madison Guaranty was L.Jean Lewis and two of her supervisors in the Kansas City regional office of the RTC.
	www.netmagic.net /~franklin/MR1.html (2039 words)

	Who Watches the Watchers
		The federal regulatory agencies during the Savings and Loan Debacle that began in the early 1980's and continues to this day were the Federal Home Loan Bank Board (FHLBB) and its successor agencies, the Resolution Trust Corporation (RTC) and the Office of Thrift Supervision (OTS).
		Any attempt to investigate the RTC and the OTC would be viewed as an attempt to interfere with the on-going investigation.
		But we should thankful that Jed Bush was involved, otherwise we would not have known that the RTC was forgiving loans on such advantageous terms to the borrowers.
	www.netmagic.net /~franklin/SM4.html (939 words)

	KnowledgePlex: The Resolution Trust Corporation in Historical Perspective, 1990 (Site not responding. Last check: 2007-10-31)
		This paper contrasts the asset disposition challenges facing the Resolution Trust Corporation (RTC) with similar challenges that faced two earlier government agencies: the Home Owners Loan Corporation (HOLC) and the Federal Asset Disposition Association (FADA).
		It first compares the quantity and diversity of RTC assets with the somewhat fewer but more uniform assets (one-to four-family homes) sold by the HOLC.
		The paper then contrasts current RTC policy issues with those that arose with the HOLC and the FADA.
	www.knowledgeplex.org /showdoc.html?id=1286 (132 words)

	Resolution Economics – Bio’s (Site not responding. Last check: 2007-10-31)
		Prior to joining Resolution Economics, he was a Senior Managing Consultant in the litigation practice at Peterson Consulting, a unit of Navigant Consulting Inc. Prior to his consulting career, he worked as a systems analyst for O'Melveny & Myers.
		Goel has also worked with the Resolution Trust Corporation in closing and liquidating failed Savings & Loans.
		He has planned and coordinated closing-related data processing activities, including obtaining and converting data from service providers, performing insurance determination for depositors, and pay out functions.
	www.resolutioneconomics.com /com_bio_deep.html (232 words)

	Variations TEMPEXT (Site not responding. Last check: 2007-10-31)
		On May 24, 1995, variation was granted to permit extension of a term appointment for 90 days beyond the regulatory 4-year limit for a Financial Management Specialist, GS-1160-14, with the Resolution Trust Corporation in Washington, DC.
		On August 23, 1995, an extension was granted for a Financial Management Specialist, GG-1160-14, at the Resolution Trust Corporation in Washington, DC, to complete work until December 31, 1995, the agency's sunset date.
		On May 19, 1997, a 6-month extension was granted for 4 employees at the Federal Deposit Insurance Corporation in Washington, DC, to complete the audit and contract closeouts of the Resolution Trust Corporation.
	www.opm.gov /employ/var/TEMPEXT.HTM (3569 words)

Try your search on: Qwika (all wikis)