$700 Billion Bailout: The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your Mortgage and Your Taxes
Written on March 24, 2010
- ISBN13: 9780470462560
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
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… More >>
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Filed in: General.
Anyone having paid attention to the news before, during and after the financial meltdown in the fall of 2008 could easily prepare such a book. I found the book riddled with errors as Muolo/Wiley scrambled to get this book onto retail shelves within months of the meltdown – the first error was found in chapter 1. It was hard to take the book seriously after that.
The conclusions drawn by Muolo were minimal as the focus of the book was a recount of the events leading to, during and after the meltdown. I was unable to gain value added information on how this bailout would impact me and how to shield myself from future negative economic ramifications as a result. In my humble opinion, the content of this book does not adequately live up to the title (..”What It Means to You”…).
I was surprised to find that about half of the book is a reprint of the Act. I was looking for an executive summary of the bailout and did not want to read the boring legalese of the Act itself. Perhaps it was asking too much to have this laid out for me.
Additionally, I found explanations for financial terms touched merely the tip of the iceberg making it difficult for anyone not working in the financial world to fully understand the magnitude and pervasiveness of this crisis.
Needless to say, I was truly disappointed in this book. It just goes to show that haste really does make waste.
Rating: 1 / 5