The Case for RTC II (“RTC²?”) It seems increasingly apparent — at least to this observer — that what lies in our collective future is some sort of successor to The Resolution Trust Corporation (“RTC”). It was the RTC, of course, that successfully dealt with (and disposed of) all the foreclosed commercial properties left in the...Read More
Opting for Swedish over Japanese Tired of my rants against Wall Street? Consider this “guest” rant instead, which IMHO is pitch-perfect (minus a few #!%#!, perhaps): After 40 years of pain avoidance, can we just rip off the f**kin’ band-aid already? Enough with the asset price protection, it is the root cause of everything bad about...Read More
