Hard-to-Sell Assets Sale: Resolution Trust Corp. Chairman...
From Times Staff and Wire Reports
Hard-to-Sell Assets Sale: Resolution Trust Corp. Chairman L. William Seidman said the agency holds about $100 billion of hard-to-sell assets, and that its main hope of selling these assets lies in assembling them into packages capable of attracting major institutional buyers. Seidman told the RTC oversight board that the agency is nearing completion of the sale of a $1.2-billion package to three buyers, whom he declined to identify.
