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Description - 700 Billion Dollar Bailout by Paul Muolo

The book is an analysis of the controversial $700 Billion Bailout bill and explains in easy to understand language for individuals what the bailout bill means. $700 Billion Bailout answers questions such as: What is the bailout office? How will the $700 billion be regulated? What is the impact on homeowners? Will taxpayers have to pay for losses? Muolo believes that along with the solutions, the impact of the bill will be rather dramatic in several areas: Vacation homes: The many people who overpaid for vacation homes and cannot meet their mortgages are likely to lose these homes. The market for vacation homes will be reduced dramatically. Mortgages: While rates may be lower, there will be more fees imposed on mortgages. Lenders will be far more cautious in lending. The days of "no money down" loans are over. Tax Breaks: 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.With Americans anxious to understand what such a large government action will do to their daily life, financial expert Paul Muolo provides vital answers such as how the government will supervise the allocation of the money, the effects on taxes, and how further crisis may be adverted. The book provides understandable analysis of the bill's provisions and offers "to do" or "not to do" steps on how the bailout bill impacts individuals.

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Book Details

ISBN: 9780470462560
ISBN-10: 0470462566
Format: Paperback
(228mm x 155mm x 18mm)
Pages: 188
Imprint: John Wiley & Sons Ltd
Publisher: John Wiley and Sons Ltd
Publish Date: 10-Dec-2008
Country of Publication: United Kingdom

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Author Biography - Paul Muolo

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.

Books By Paul Muolo

Chain of Blame by Paul Muolo
Paperback, February 2010