kev374, based on what I understand, RTC in the 1990s took over the failed S&L. They didn’t have to go out and buy the paper. So when they auction it off, they made a profit. However, this time is different. They would have to buy it from the bank and try to sell it off. The guy who ran the RTC in the 90s says that they can do what they did in the 90s now. Now, what they could do, will be more in line with what Japan did in the 90s than what the RTC did in the 90s.
