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Resource ID: #7619
Subject: Savings And Loans
Source: Review (Palm Beach, Fla.)



Palm Beach (Fla.) Review investigates the failure by the federal Resolution and Trust Corp. to unload $165 billion in assets from failed savings and loans; the RTC selected a small Miami brokerage firm to handle an international auction to sell $300 million in assets from failed banks and thrifts, only to find that the Miami businessman was an accomplished hustler who talked the RTC into signing a contract that prevents the agency from scrutinizing the operation, Dec. 12 - 13, 1990.

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