Showing posts with label RTC. Show all posts
Showing posts with label RTC. Show all posts

Thursday, September 18, 2008

AP: Stocks Surge on Report of Entity for Bad Debt

AP: "Stocks surge on report of entity for bad debt". Excerpt:

A report that Treasury Secretary Henry Paulson is considering the formation of an entity like the Resolution Trust Corp. that was set up during the savings and loan crisis of the late 1980s and early 1990s left investors ebullient.


Excellent news, if it turns out to be true. I floated a somewhat similar idea in a recent post