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.
About The Author
Paul Muolo (Silver Springs, MD) is co-author of the recently published Chain of Blame that has received very strong coverage in both print and online. The book has been reviewed in Business Week, Wall St. Journal and USA Today. Muolo has appeared on many radio and TV programs including Larry King Live.
Muolo is also the author of Inside Job, the Looting of America's Savings and Loans, which spent five weeks on the New York Times' Bestsellers List. His freelance work has appeared in The New York Times, The Washington Post, Barron's, Playboy and other publications. In years past he has been a guest expert on financial services issues on CNN, CNBC, and ABC. He is also executive editor of National Mortgage News, which won a Polk Award in 1990 for its reporting on the S&L crisis.