--- title: "Meaning & Key Takeaway of: Resolution Trust Company was set up to…" description: "\"Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.\" — Warre..." image: "https://sms4smile.com/quotes/i/79f/warren-buffett-183_assets_resolution-trust-company-was-set-up-to-l_2748783.png" --- # Resolution Trust Company was set up to liquidate a bunch… ![“Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.” quote by Warren Buffett](https://sms4smile.com/quotes/i/79f/warren-buffett-183_assets_resolution-trust-company-was-set-up-to-l_2748783.png) [Download](https://sms4smile.com/quotes/i/79f/warren-buffett-183_assets_resolution-trust-company-was-set-up-to-l_2748783.png) [Open image](https://sms4smile.com/quotes/i/79f/warren-buffett-183_assets_resolution-trust-company-was-set-up-to-l_2748783.png) > “Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The RTC was created to manage and sell government‑inherited assets after S&L failures. **In simple terms:** A government agency sold failed bank assets. Key Takeaway Understand how crises reshape markets. Themes finance government policy crisis management Mood analytical cautious Type informative historical When to use this quote - investment analysis - policy studies - economic history Key Concepts asset liquidation regulatory response Questions to Reflect On - What lessons do financial crises teach investors? - How should governments handle failed assets? A Different Perspective Complex legal frameworks can hinder efficiency. ★ ★ ★ ★ ★ No ratings yet [Company](https://sms4smile.com/quotes/about/company/) [Government](https://sms4smile.com/quotes/about/government/) [Politics](https://sms4smile.com/quotes/about/politics/) [Resolution](https://sms4smile.com/quotes/about/resolution/) [Saving](https://sms4smile.com/quotes/about/saving/) [Savings](https://sms4smile.com/quotes/about/savings/) ## Related quotes > [Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.…](https://sms4smile.com/quotes/howard-warren-buffett/resolution-trust-company-was-set-up-to-liquidate-a-bunch-of-assets/) [Howard Warren Buffett](https://sms4smile.com/quotes/author/howard-warren-buffett/) > [“I’m trying to liquidate my assets. Somebody get me a straw.”](https://sms4smile.com/quotes/jarod-kintz/i-m-trying-to-liquidate-my-assets-somebody-get-me-a-straw/) [Jarod Kintz](https://sms4smile.com/quotes/author/jarod-kintz/) > [New York as an industry is the best city for real estate. You're in a very transparent market. If you need to liquidate, you…](https://sms4smile.com/quotes/aby-rosen/new-york-as-an-industry-is-the-best-city-for-real-estate-you-re-in-a/) [Aby Rosen](https://sms4smile.com/quotes/author/aby-rosen/) > [In principle, I'm sorry that we didn't liquidate him](https://sms4smile.com/quotes/ariel-sharon/in-principle-i-m-sorry-that-we-didn-t-liquidate-him/) [Ariel Sharon](https://sms4smile.com/quotes/author/ariel-sharon/) > [It is fundamental to socialism that we should liquidate the British Empire as soon as we can](https://sms4smile.com/quotes/stafford-cripps/it-is-fundamental-to-socialism-that-we-should-liquidate-the-british/) [Stafford Cripps](https://sms4smile.com/quotes/author/stafford-cripps/) > [Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high…](https://sms4smile.com/quotes/andrew-mellon/liquidate-labor-liquidate-stocks-liquidate-farmers-liquidate-real/) [Andrew Mellon](https://sms4smile.com/quotes/author/andrew-mellon/) > [Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.](https://sms4smile.com/quotes/andrew-mellon/liquidate-labor-liquidate-stocks-liquidate-the-farmers-liquidate-real/) [Andrew Mellon](https://sms4smile.com/quotes/author/andrew-mellon/) > [No one ever went broke by taking a profit.](https://sms4smile.com/quotes/jesse-lauriston-livermore/no-one-ever-went-broke-by-taking-a-profit/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The whole town laughed at my great-grandfather, just because he worked hard and saved his money. 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No one…](https://sms4smile.com/quotes/harvey-mackay/if-you-can-t-say-yes-it-s-no-don-t-sugarcoat-it-don-t-talk-yourself/) [Harvey Mackay](https://sms4smile.com/quotes/author/harvey-mackay/) > [The company later went broke, and of course all blame was directed at the lawyers. Not once did I hear any talk that maybe…](https://sms4smile.com/quotes/john-grisham/the-company-later-went-broke-and-of-course-all-blame-was-directed-at/) [John Grisham](https://sms4smile.com/quotes/author/john-grisham/) > [I opened my own restaurant when I was 17. I went broke, then traveled around the country, learning about different kinds of foods, had…](https://sms4smile.com/quotes/paul-prudhomme/i-opened-my-own-restaurant-when-i-was-17-i-went-broke-then-traveled/) [Paul Prudhomme](https://sms4smile.com/quotes/author/paul-prudhomme/) > [No one ever went broke by saying no too often.](https://sms4smile.com/quotes/harvey-mackay/no-one-ever-went-broke-by-saying-no-too-often/) [Harvey Mackay](https://sms4smile.com/quotes/author/harvey-mackay/) ## More by Warren Buffett > [To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. 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Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Explore all 984 Warren Buffett quotes ](https://sms4smile.com/quotes/author/warren-buffett/) ## More Assets quotes > [A great smile is a wonderful asset, but a good heart is pure gold.](https://sms4smile.com/quotes/dolly-parton/a-great-smile-is-a-wonderful-asset-but-a-good-heart-is-pure-gold/) [Dolly Parton](https://sms4smile.com/quotes/author/dolly-parton/) > [Most people put money in their piggy bank. I buy a goose that lays golden eggs over and over again. 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