700 Billion Dollar Bailout
The Emergency Economic Stabilization Act and What it Means to You, Your Money, Your Mortgage and Your Taxes

The bailout book every American needs to read With Wall Street's meltdown quickly spreading to Main Street and the U.S. economy in the midst of its biggest crisis ever, the government has passed an unprecedented bailout of the battered financial industry.

Taxes: With the tax breaks, there will be less tax revenue leading to a huge shortfall to the government over the next few years. He will offer insight into these areas and many others, including how the structure of the bailout bill allows for unprecedented authority that has altered the financial landscape, perhaps permanently. Will the plan work, and how we can prevent this from happening again remains to be seen, but with $700 Billion Bailout Paul Muolo gives us a critical tool for deciphering perhaps the most sweeping piece of legislation since the Patriot Act.

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.