Reuters logo
Paulson raised RTC-style concept with Congress: source
September 18, 2008 / 7:26 PM / 9 years ago

Paulson raised RTC-style concept with Congress: source

<p>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</p>

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.

“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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below