Lessons from Bill Taylor and the last financial crisis
A retrospective published by the Kansas City Federal Reserve has discussed the measures taken by Bill Taylor, the chairman of the Federal Deposit Insurance Corporation (FDIC) between 1991 and 1992, to avert a financial collapse during the US Savings & Loans crisis.
Taylor was heavily involved in the creation of the Resolution Trust Corporation before his position at the FDIC. The institution was responsible for liquidating ailing thrifts without resorting to fire sales. Bill Seidman, Taylor's
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