$700 Billion Bailout (ePub)

Author's Note The $700 Billion Bailout Bill: What Is This Monster? Introduction Original Sin: The Emergency Economic Stabilization Act of 2008: The Patriot Act Meets the World of Finance. Chapter 1: The Big Hoist: Will the $700 Billion Bailout of the Mortgage and Credit Markets Work? (It Had Better). How the $700 Billion Bailout Machine Will Work and Who Will Enforce It. How TARP Will Work. Will the Taxpayers Ever Get Their $700 Billion Back? Should Fannie and Freddie Be Eliminated? Chapter 2: The Three Most Important Things You Need to Know Now--Mortgages, Rates, and Housing. The Bailout Bill: First, the Good News. Call Up Your Lender and Shout, "I Want to Restructure My Mortgage!" The Bad News: Getting a Mortgage Is Going to Be Much Tougher. A Word about Interest Rates. Falling Home Values. The Wealthy Will Not Escape Unscathed. The Silver Lining: Falling Home Prices Mean Bargains for Some. How Will We Know When Home Prices Have Stopped Falling? Chapter 3: Where to Put Your Money Now (Hint: Not in a Vacation Home). The Day the Flipping Stopped. The Contrarian Play in Vacation Homes. Investing in Foreclosures. Stocks: Is Now the Time to Get In? Once You Decide to Jump In . . . Safe Havens: Ginnie Mae and Treasury Bond. Mutual Funds. A Word about Gold. The Safest Haven of All: CDs and Savings Accounts in Federally Insured Banks, S&Ls, and Credit Unions. Chapter 4: Taxes and Politics: EESA Digs a Deeper Money Hole for All of Us. What Tax "Bennies" Were Actually Given Away? What Do All These Tax Breaks Mean for the Consumer? The Last Word: Politics. Epilogue The Last Word: If I Ran the Regulatory Zoo. Excerpts from the Emergency Economic Stabilization Act of 2008. Glossary of Terms and Agencies. About the Author.

Paul Muolo is Executive Editor of National Mortgage News and coauthor of the eye-opening Chain of Blame, which has received very strong coverage in both print and online. His freelance work has appeared in the New York Times, the Washington Post, and Barron's. Muolo has been a guest financial expert on numerous media outlets, including CNN, CNBC, ABC, and Fox Business Network.

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