Key Figures and Institutions of the Savings & Loan Crisis

The Resolution Trust Corporation

Created by the 1989 FIRREA legislation specifically to manage and sell off the assets of failed savings and loan institutions, the RTC became the primary vehicle for cleaning up the crisis.

Charles Keating

Keating, head of Lincoln Savings and Loan, became one of the crisis' most notorious figures after his institution's 1989 failure and his subsequent fraud conviction, and after five U.S. senators (the "Keating Five") were investigated for their ties to him.