Resolution trust corporation in economics and finance

Hello everyone! Welcome to today's lesson on the Resolution Trust Corporation. In the world of economics and finance, there are times when the stability of the banking industry is threatened. These situations can arise due to various factors, such as a financial crisis or the collapse of a major financial institution. In such cases, the government often steps in to restore order and prevent further damage. The Resolution Trust Corporation, or RTC, is one such entity that plays a crucial role in these circumstances. Let's dive deeper into its meaning and functions.