Judge Upholds RTC Authority: A federal judge...
From Times Staff and Wire Service Reports
Judge Upholds RTC Authority: A federal judge in Santa Fe, N.M., upheld the Resolution Trust Corp.’s authority to override state branch-banking laws as it sells off failed savings and loans. The decision could have far-reaching effects. The RTC controls 248 failed thrifts in 21 states where branching laws for banks that could buy defunct savings and loans are more restrictive than those for thrifts.
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