Resolution Trust

The world of residential real estate lending has almost brought the economy of the world to its knees, if that is what you chose to to believe. The US Federal government has sent out a "rescue bill", which most people have a hard time understanding, but many of us do understand that whatever the final amount of billions involved in the bail out, it is all coming out of our pockets. It is a part of the same idea that got us into this problem in the first place. We are mortgaging our national future without the proper vetting of our ability to repay - as a country. 

If we can hold the savings and loan problem of the late 1980s as an example there is a solution to the current fiscal "crisis", and that solution once again has to belong with the Federal government. After all that is where the neo-natal aspects of this crisis started, it might as well be where it ends. The Resolution Trust Corporation of the late 1980s and early 1990s was a profitable endeavor that the government took on. What a concept! Congress needs to act quickly and the problem will be over quickly. Organize a new RTC now, and let's get back to business as usual.