The House of Representatives failed earlier this year to provide the money needed by the Resolution Trust Corp. to continue its work beyond April 1.

The RTC was formed in 1989 not only to clean up the savings and loan mess but to honor the federal government's commitment to savings and loan depositors that their insured deposits would be protected.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.