What the resolution trust corporation was created to take over bankrupt savings and loans and to sell their assets?

The Resolution Trust Corporation (RTC) was established in 1989 in response to the savings and loan crisis in the United States, which saw numerous savings and loan institutions fail due to poor management and risky investments. The RTC was tasked with managing and liquidating the assets of these bankrupt institutions to maximize recoveries for the depositors and taxpayers. By selling off assets and overseeing the resolution of failed banks, the RTC aimed to stabilize the financial system and restore confidence in the banking sector. It was dissolved in 1995 after completing its mandate.