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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
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Resolution Trust Company Was Set Up To

Warren Buffett
Resolution trust company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.
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Government Saving Broke

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Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. it will purge the rottenness out of the system. high costs of living and high living will come down. people will work harder, live a more moral life. values will be adjusted, and enterprising people will pick up from less competent people.
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The nation's largest savings and loan, washington mutual, has become the biggest bank failure in history. see, the problem with the savings and loans? not enough savings, too many stupid loans, okay in fact, they changed their name from wamu to 'screw you.'
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