Resolution Trust Corporation (RTC)

The Resolution Trust Corporation (RTC) was a U.S. government agency created in 1989 to manage and sell off assets from banks that failed during the savings and loan crisis. Its goal was to recover funds for taxpayers by liquidating these loan portfolios and properties quickly. The RTC helped stabilize the financial system by addressing the widespread bank failures, returning assets to the market efficiently. It operated until 1995, after which its functions were transitioned to other government agencies. Essentially, the RTC managed and sold off bad loans and properties to help restore confidence in the banking system during a financial crisis.