However, you need to realize that an RTC-style setup (which takes approximately 2 years to establish and get running) will not solve this current problem. It's a big gulch between the S & L problems and the current issues in the derivatives market.
The ONLY thing that ths will do is get money moving again between financial institutions - because they have just been given a free ride on the gravy express.
Okay....and what’s your solution?
Then this is a resounding success. Eventually (probably sooner now), congress will catch up on the exotic financial acrobatics going on for the last ten years and put a stop to it, but in the meantime money needs to keep moving. Investors have already been bitten anyway and will not immediately make the same mistake, so it's not like we will continue back on the same course.