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Resolution Trust Corporation: Recoveries on Asset Sales

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Report Type Reports and Testimonies
Report Date Jan. 8, 1992
Report No. GGD-92-36FS
Subject
Summary:

This report focuses on the costs of resolving failed thrifts. GAO (1) assesses a recent Los Angeles Times article's conclusion that the Resolution Trust Corporation (RTC) will lose 40 cents per dollar on assets sales, (2) determines whether RTC has enough information on actual sales values to date, and (3) assesses whether RTC needs additional funds because of the estimated recoveries.

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