| The subprime mortgage crisis has become an | | | | such as Merrill Lynch and other money-center banks, |
| important issue in today's economy. More and more | | | | and offered a lot of cash. The person who was the |
| people are persecuted by this crisis. Although | | | | worst patient in all this, the common man, there are |
| sub-prime mortgages actually constitute only 7% of | | | | no foreign investor to help him out of the problem. |
| the loans in the country, makes 43% of loans that | | | | Congress has intervened recentlyReady to tax relief |
| actually foreclosed in the third quarter. | | | | for the common man |
| Many large banks and brokers in Structured | | | | Last year 2007, reaching the needs of the house an |
| Investment Vehicles (SIV) has been invested, and in | | | | all-time high. According to the Mortgage Bankers |
| this situation of crisis, these investors are the | | | | Association, more than 995,000 homes are in |
| recovery and the loan portionHand these SIV, and | | | | foreclosure now. Previously, the beginning of this |
| similarly these brokers and banks will be provided by | | | | tragedy of exclusion, it would have been taxed by |
| foreign investors and the Federal Reserve to do | | | | the government debt forgiveness, which comes from |
| so.american tax relief | | | | a foreclosure sale, the Government considers that, as |
| For example, Singapore and the UAE have their | | | | taxable income. |
| hands tied the past to American society organizations | | | | |