Who here remembers the RTC?

[McKellar Newsom]

When I was 25, the resolution trust corporation (RTC) was auctioning off saving and loan debacle properties. I believe the RTC was formed by the government trying to bail out the S&Ls in trouble. I remember thinking at that time, "I wish I had money to buy something."

I've had RTC in the back of my mind since then. In 2007 or so, when the nation faced another real estate collapse, I decided to jump in and buy.

I wish I had thought of some creative ways to buy back in the RTC days... mck