$700 Billion Bailout

$700 Billion Bailout

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qIs America a sinking ship? With the economy in the midst of crisis, the United States government has approved an unprecedented $700 billion bailout of the battered financial industry. $700 Billion Bailout is an analysis of the controversial Emergency Economic Stabilization Act and explains in easy to understand language what the bailout bill means for individuals. The bill...will include tax breaks shielding millions of taxpayers from the alternative minimum tax this year, increase FDIC insurance for bank deposits..., and provide support for Wall Street's floundering financial institutions...q--P. [4] of cover.their homes they will need somewhere to live, and that means apartment buildings. If enough Americans flock to rentals in cities, it could force rents up, depending on how many apartments are available for rent. ... Here, individuals are not in line for a bailout; but banks, Saamp;Ls, and credit unions that own Fannie/ Freddie preferred could receive a government hand-out if they have on-balance- sheet assets ofanbsp;...

Title:$700 Billion Bailout
Author:Paul Muolo
Publisher:John Wiley & Sons - 2009


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