Debt Relief for the Rich

Posted by Ann on January 14, 2008

Last month’s signing of the Mortgage Forgiveness Debt  Relief Act of 2007 by the President has some hidden details. It makes up to $2 million in debt tax-free; people affording homes in the $2 million range aren’t exactly in the majority of the bell curve. This does nothing to temper real-estate speculation, and by making the premiums deductable, the government is increasing the risk with our money.

Related posts:

  1. ORIX Venture Finance Provides $18M Debt Financing to mindSHIFT
  2. UK businesses urge Chancellor to retain capital gains tax taper relief
  3. Fareport Capital Inc. Announces Change of Control by Way of Shares for Debt, Private Placement and Share Consolidation …
  4. Venture-capital, real estate lobbies look for carve-out
  5. BentleyForbes Announces Plans to Pursue Joint Venture Partners for Expanded Commercial Real Estate Investment Program
Categories: Finance
14Jan

Leave a Reply