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| | Location: Home » Mortgages » Economic Conditions » $700 Billion Bailout: The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your Mortgage and Your Taxes | January 9, 2009 |
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| $700 Billion Bailout: The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your Mortgage and Your Taxes | 
 enlarge | Author: Paul Muolo
Publisher: Wiley
Category: Book
List Price: $14.95
Buy New: $5.99
You Save: $8.96 (60%)
Buy New/Used from $4.45
Avg. Customer Rating:  (4 reviews)
Sales Rank: 56769
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 188
Shipping Weight (lbs): 0.5
Dimensions (in): 8.9 x 6 x 0.7
ISBN: 0470462566
Dewey Decimal Number: 330.973
EAN: 9780470462560
ASIN: 0470462566
Publication Date: December 10, 2008 (New: Last 30 Days)
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
The book is an analysis of the controversial Emergency Economic Stabilization Act and explains in easy to understand language what the bailout bill means for individuals. $700 Billion Bailout answers questions such as: - What does the bill say, exactly?
- Who is making decisions about how the $700 billion will be spent, and what does it mean now that the government is investing directly in our banks?
- Who?s footing the bill?
- What is the impact on homeowners, businesses, retirement, and taxes?
- Where do I put my money in the meantime?
Veteran reporter Paul Muolo shows both the challenges and opportunities of the credit crisis and proposed bailout, including its impact on: - Mortgages: While rates may be lower, there will be more fees imposed on mortgages. Lenders will be far more cautious in lending, and people who cannot meet their mortgages are likely to lose these homes. This may create a ?contrarian? plays in foreclosures and vacation homes..
- Stocks and Other Investments: Is now the time to get into the stock market or is it safer to stick with CDs, bonds, and gold?
- 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.
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| Customer Reviews:
Now, I get it! January 9, 2009
Whenever any financial or political issue becomes too big and too complex, I always look for two things: Number one. of course, is - the ANSWER or the PROCESS for getting to resolve. Number two, and just as important is - someone to explain what happened and how it affects my family. Muolo satisfies my curiousity and my understanding in his very comprehensible writing style. Not only that, but the excellent short descriptions in the glossary really helped me "get it". I honestly feel I'm at the ground floor and better understand the issues whenever I get news updates or listen to the speeches and panels. I understand "why" the mortgage crisis happened and what we're doing through oversight and enactment of powers through the Treasury to fix it. Most enlightening in the book? explanation on how the Gramm-Leach-Bliley Act is a main factor in allowing this to occur. I am an active real estate investor and this really helps me understand what we investors are up against over the next 5 years.
Buy This Book Now! December 10, 2008
Paul Muolo has a track record of analyzing an economic situation with well informed research and depth of thinking. The same goes here. Extremely well written and well thought out, easy to read, very assessible--congrats to Muolo for a job well done. This is a book every American should buy and read--in fact, every taxpayer!
I hope the author does a sequel to it a year from now asking the hard questions about accountability in the bailout, who made the money, where'd it go, and how'd it really benefit the rest of us.
Looking forward to seeing this book do very well, as it should.
$700 Billion won't be enough! December 4, 2008
After enjoying the author's previous tome, Chain of Blame, I was interested in following how sub prime mortgage crisis would be handled. This is your guide to how the bailout money's to be spent and what that will mean to the individual. Like Muolo's last one, a truly fascinating read, and made all the more poignant because we're in the middle of this mess right now. Extremely well-written, with detailed analysis of all the main points, and easy to understand without being too scholarly. Kudos again to the author!
 The Emergency Economic Stabilization Act in Plain English December 2, 2008
1 out of 1 found this review helpful
Anyone can read this book, and everyone should. The author provides details and insight into the Emergency Economic Stabilization Act of 2008 and specifically addresses it possible impact on us. In non-technical language, the author explains what seems to be a complicated financial mess.
Additional information on credit default swaps and mortgage backed securities could have been helpful, but that may have taken the book away from its intended audience: the average American tax payer.
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