Re: Emergency Economic Stabilization Act of 2008

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Date: Tue, 7 Oct 2008 05:55:59 -0500
From: "abby" <a...@c...net>
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Subject: Re: Emergency Economic Stabilization Act of 2008
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"Gil Faver" <rowdy'sboss@xxyz.com> wrote in message
news:mJxFk.253729$102.19022@bgtnsc05-news.ops.worldn
et.att.net...
> Alan over in Misc.Taxes.Moderated indicates he has posted the final
> version of this bill as signed by Pres. Bush, on his website at:
>
> http://taxtopics.net/Senate10108.pdf
>
> Division A is the Emergency Economic Stabilization Act

I found a useful summary here:

http://ag-marketcrisis.com/?p=553

It would appear that the net revenue will be whatever TARP spends on
these mortgages less what they collect from the mortgagees, less what
they lose reselling foreclosed properties. Is this roughly correct?

abby

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