RTC Selling $1 Billion in Assets: The...
From Times Staff and Wire Reports
RTC Selling $1 Billion in Assets: The assets being sold by the federal Resolution Trust Corp. are made up of real estate loans and properties in California and Arizona. Bids are due by June. The RTC, which is the federal agency assigned to clean up the nation’s savings and loan problem, said the sale is the largest transaction of its type that it has undertaken.
