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Enron Corporation

(Encyclopedia)Enron Corporation, U.S. company that in 2001 became the largest bankruptcy and stock collapse in U.S. history up to that time. The company was formed in 1985 when InterNorth purchased Houston Natural ...

International Bank for Reconstruction and Development

(Encyclopedia)International Bank for Reconstruction and Development (IBRD) (IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated develop...

Resolution Trust Corporation

(Encyclopedia)Resolution Trust Corporation (RTC), in U.S. history, government-owned company formed in 1989 to liquidate the assets of insolvent savings and loan associations (S&Ls). Essentially a huge property-...

Home Owners' Loan Corporation

(Encyclopedia)Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage deb...

Federal Deposit Insurance Corporation

(Encyclopedia)Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $250...

Federal Home Loan Mortgage Corporation

(Encyclopedia)Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, government-sponsored enterprise that uses private capital to buy home mortgages as a means to help lower housing costs. A sister ...

Communications Satellite Corporation

(Encyclopedia)Communications Satellite Corporation (Comsat), organization incorporated (1962) by an act of Congress to establish a commercial system of international communications using artificial satellites. Alth...

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