Posts tagged as:

mortgage crisis

Mortgaging Our Future: the Hardest Hit Fund Initiative

12 May 2010

Imagine for a moment that the top wage earners in the land were forced to throw their funds into a common pot that would be shaken up and redistributed to those less fortunate than themselves – a sort of a take from the rich and give to the poor scheme. No, it’s not a promo [...]

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Ask the taxgirl: Mortgage Forgiveness

8 March 2009

Taxpayer asks: I have a 1099-c from a short sale on my house, I was hoping to be granted an exemption because of the Mortgage Forgiveness act of 2007, my amount in box 2 is 54809 and the amount in box 7 is 0.00 not sure what all this means. Taxgirl says: A form 1099-C [...]

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Paulson Changes His Tune (Again)

5 December 2008

When Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we’ve had in modern times,” it made for some good chuckles on late night television, but not many people seemed to pay attention. I have a feeling that will be changing. Paulson keeps changing his mind, it seems, [...]

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Foreclosures, Debt Forgiveness and Mortgage Losses Explained

11 October 2008

There’s a lot of good discussion on the Fix the Tax Code Friday comments thread about debt cancellation and mortgage debt cancellation relief. I started to reply to one of the comments and thought it was best to make it a separate post so that it doesn’t get buried. I wanted to clarify some misconceptions [...]

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Paulson Believes Taxpayers Will Benefit From Bail Outs, Also Promises Significant Weight Loss and Clear Skin

19 September 2008

Okay, so I made the last part up. But Treasury Secretary Henry Paulson’s series of statements today regarding the latest proposal sounded like those spam emails in my inbox promising everything from riches to more energy. And just like those “too good to be true” messages, Paulson’s messages were a little too over the top [...]

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