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Download $700 Billion Bailout: The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your Mortgage and Your Taxes Audiobook

Extended Audio Sample $700 Billion Bailout: The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your Mortgage and Your Taxes Audiobook, by Paul Muolo Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (13 ratings) (rate this audio book) Author: Paul Muolo Narrator: Sean Pratt Publisher: Gildan Audio Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: December 2008 ISBN: 9781596593084
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Many people are both alarmed and confused by what they've heard about the "$700
billion bailout. They're worried about their savings, their jobs and their homes.


This audiobook provides an understandable analysis on how the bailout bill impacts you,
and offers "to do" or "not to do" steps for you to follow. It is a must have for all
investors.


Best-selling author Paul Muolo has been reporting and writing on the mortgage crisis for
some two decades and brings his seasoned and skeptical approach to his work. He has
access to the key players in the banking, mortgage and Washington world, often breaking
"scoops" before other journalists. Here, Muolo offers an unbiased view on how Wall
Street got mixed up in the world of mortgages, and unravels what was going on behind
the scenes in the housing and mortgage industry for much of the past decade.


In his analysis of the controversial Emergency Economic Stabilization Act, Muolo explains in easy to understand language what the bailout bill means for individuals and answers these questions:




  • 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?

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. Lenders will be more cautious in lending, and people who cannot meet their mortgages are likely to lose these homes. This may create "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.

Muolo offers 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. Download and start listening now!

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Listener Opinions

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Elizabeth | 6/17/2013

    " Very informative. It is a little out of date. An updated version would be very interesting. I have a hard time following these financial / political discussions or I would rate higher. Since I can't follow them very well, I can't tell how good or accurate they really are. "

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About the Author

Paul Muolo is executive editor of National Mortgage News and coauthor of Chain of Blame. His freelance work has appeared in the New York Times, Washington Post, and Barron’s. Muolo has been a guest financial expert on numerous media outlets, including CNN, CNBC, ABC, and Fox Business Network.

About the Narrator

Sean Pratt, a working actor for over twenty-five years, has performed at numerous regional theaters around the country. He is the author of To Be or Wanna Be, and he has recorded over seven hundred books in just about every genre, earning eight AudioFile Earphones Awards and four Audie Award nominations.