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Yo, commoner! Get ready to get stuck again, this time cleaning up the toxic housing-related bad debt that’s taking down the banks.
Alan Greenspan, Paul Volcker, Barney Frank and others want to create something along the lines of the Resolution Trust Corp., a public boondoggle created during the fabled savings and loan “crisis” in the late 1980s. “Stocks would view the creation of some RTC-type solution positively because it would be viewed as something closer to a fundamental solution to ...