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.