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To the December 29, 1995, the newest RTC is actually matched on the FDIC, and also the FDIC turned responsible for resolving failed thrifts. Oversight away from thrifts turned into the responsibility out of a different department, any office of Thrift Supervision (credit unions remained covered because of the National Borrowing from the bank Union Administration). The main legislative answers to the crisis have been the new Creditors Change, Recuperation and Enforcement Act away from 1989 (FIRREA), as well as the Federal Deposit Insurance rates Corporation Upgrade Operate from 1991 (FDICIA).

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