WASHINGTON -- If Congress funds the Resolution Trust Corp., the agency could complete the thrift-industry cleanup next year, according to Albert V. Casey, president and chief executive.
In a speech Tuesday to the Turnaround Management Association, Mr. Casey said the RTC planned to sell $70 billion in assets in 1993.
Harder Sales Remain
Its portfolio is left with $106 billion in assets, most falling in the hard-to-sell category.
The RTC sold $100 billion in assets in 1992, and Mr. Casey said the agency would have sold even more if it had not run out of funds last April.
Mr. Casey predicted the total cost of the cleanup since the beginning would range from $110 billion to $115 billion.
That is the same estimate he gave to Congress last June with the RTC's audited financial statement.