• Most Popular
  • Most Shared

Paulson raised RTC-style concept with Congress: source

WASHINGTON
Thu Sep 18, 2008 5:09pm EDT
Treasury Secretary Henry Paulson speaks to reporters in the briefing room of the White House following his meeting about the economy with President Bush Washington September 15, 2008. REUTERS/Jim Young

WASHINGTON (Reuters) - Treasury Secretary Henry Paulson has been shopping around a proposal to congressional lawmakers that would create an entity to deal with the bad debt, similar to what was done in the savings and loan crisis, a congressional aide said on Thursday.

Currencies  |  Hot Stocks  |  Regulatory News  |  Bonds  |  Global Markets

"It's a modernized version of the Resolution Trust Corporation, which was used after the S&L crisis," said the aide, declining to be further identified.

(Reporting by Jeremy Pelofsky, editing by Jeffrey Benkoe)
Currencies
Hot Stocks
Regulatory News
Bonds
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets