IRS Audit Rate for Millionaires Plummets
Over 50, Out of Work, Open to Change

How Much Is That Toxic Asset in the Window?

"Can Treasury’s attempt to create a working marketplace for banks’ so-called toxic assets succeed? It depends on whether those assets can be legitimately valued — and whether the entire plan frees up lending...

In U.S. Treasury Secretary Timothy Geithner’s latest strategy for fixing the economy, he has returned to the concept his predecessor initially floated: buy up the troubled, mortgage-backed securities that are weighing down banks’ balance sheets. This time, the government — and taxpayers — won’t be the only purchasers or risk takers. Under the new plan, called the Public-Private Investment Program, the government will try to create marketplaces for banks’ mortgage-backed securities and loans that they have been either unable to offload or unwilling to sell at prices they could fetch today..."
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