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Article: RTC's Cooke: I'm not being forced out. (Resolution Trust Corp., David C. Cooke)
- Article from:
- American Banker
- Article date:
- July 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RTC's Cooke: I'm Not Being Forced Out
WASHINGTON - As manager of the savings and loan bailout, David C. Cooke does not have many good days.
But June 21 was his worst since he became executive director of the Resolution Trust Corp. nearly two years ago. Mr. Cooke opened The New York Times to find a startling headline on the front page of the business section: "Manager of Savings Bailout to Be Ousted."
Read It and Weep
As he read on to the inside page where the article continued, the headline there was even harder to fathom: "Seidman Agrees to Ouster of Manager of Savings Bailout."
"I was shocked," Mr. Cooke said in an ...