Query by Ad Just: ING Direct savings account tax types 1099 INT and 1099 OID?
I have a savings account from ING Direct and earned about $ 500 dollars of interest last year. I was wondering if I had to file both a 1099 INT and a 1099 OID tax type? Or just a single? thanks.
Best answer:
Answer by Bob F
You have to report whatever ING sent you – if both, then report both.
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Query by CRFI: What was the 700 billion Paulson´s program for?
Ideal answer:
Answer by Yet another Bolshevik
Right after the Lehman Brothers debacle, the Paulson $ 700 billion program was urgently introduced to purchase “toxic assets» relieves the financial method from their destructive burden. It was lastly voted in Congress with no avoiding a political crisis- and without convincing that the program will be ultimately effective. Even from this sum, $ 250 billion had urgently to be re-directed to re-capitalize and partially nationalize the 9 strongest US banks. The Paulson Plan attacks as the main problem illiquidity although the correct core difficulty is insolvency. Securitization dispersed globally the dangers and made bankruptcy dangers opaque, destroying hence any creditworthiness and freezing the credit lines. Lending by banks was over-extended, sometimes 60 instances more than their assets, creating them now candidates to file for bankruptcy. The Paulson Plan offers some temporary relief to the Wall Street magnates even though the taxpayer ‘Main Street’ has to spend the bill. It transfers one more component of the large private debt to the public debt of an already over-indebted America.
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Question by alat: Is accounting a rewarding business profession?
Ideal answer:
Answer by Stargazing
It depends on what YOUR definition of rewarding is. Admittedly, it is tedious to study for at times (lots of numbers, memorization of accounting rules, and so on). But as a profession, I consider it is quite rewarding. The spend is great, demand for accountants is growing, and the career path makes it possible for for professional growth and growing responsibilities. You genuinely have a chance to make a distinction. Look at the current economic meltdown. Some of it could have been avoided if correct accounting procedures had been followed at the banks with issues like gains on securitization.
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Query by srinath p: what is the cause stock market is going in lossess from last handful of weeks?
Best answer:
Answer by BATMAN
u.s. sub prime mortgage woes.
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Query by Ashley C: Explain the Securitization Meals Chain?
Soon after watching the film, Inside Job, I learned that the Securitiziation meals chain led to the 2008 economic collapse. I never really understand it though. I know that a particular person wants a loan, banks had been giving out higher interest loans to individuals who could not afford them, but then i am confused. Who do the banks sell the loan to??
Best answer:
Answer by Atlas
I’m not an financial expert, so I hope this answer aids. The banks (lenders) sell the loan to an “Investment Bank”. The investment banks combine other debt (house loans, auto loans, credit card debt, and so on.) into complicated derivatives identified as Collateralized Debt Obligation or CDOs and sells that to investors.
The way it use to work, you (the purchaser) would spend back the loan to a lender over a period of a few decades. Now, the payments on the loan go straight to the investors of the world.
The high interest loans you speak of are known as “sub prime loans”. A lot of individuals were place into sub prime loans strictly since the interest price was higher, even although the borrower could not afford the loan. The worth of houses from 1996 to 2006 went up 194%. In that period of time, sub prime lending went from $ 30 billion to $ 600 billion.
In my opinion, “deregulation” was the widespread denominator in what led up to the 2008 financial collapse.
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Query by Abuni J: what are the major attributes of assets securitisation?
Greatest answer:
Answer by Countessa
Assets securitization in banks and economic institutions. The procedure of securitization exists in two simple forms as the balance and outdoors-balance securitization. The paper is specifically focused on the outside-balance securitization. Contemporary types of financial resources industry mobilisation refer to the basis of processes, subjects of securitization, technical and economical context, conditions, benefits and sensible implementation. Asset securitisation was very first used in the USA
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Query by thamsenman!: Has securitization ruined America?
Has the packaging of mutual funds, bonds produced America much less safe?
Correct they have returned much better than bonds, money, and so on. but at what emotional expense? Wouldn’t it just have been greater to earn 4% making use of treasuries/CDs with no care in the world than ten% with every care in the world?
Greatest answer:
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Question by American citizen and taxpayer: What is the lead to of our financial problems?
And what (if something) should the government do to combat the problems?
One more question:
http://answers.yahoo.com/question/index_ylt=AvVoVBmBZij40gcBoIOXKnfsy6IX_ylv=3?qid=20090302061831AA40iOq
Ideal answer:
Answer by OGCJM
Element of it is the illegal immigration problem. There are millions more than here mooching off of U.S. tax paying citizens it is horrible. They are bleeding California dry proper along with hospitals, public schools and the tax payers wallets! They should be deported when found, our borders secured (which they ought to have been ever since 9/11), enforce our immigration laws, jail/fine anyone that employ illegals, take away every freebie they get, and so forth.
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Question by Greg’s Wife: How significantly does it expense to run this heater – 1200w?
I have a space heater that is 1200W and 120V. Our energy firm charges are below – I have no thought what it all indicates. I am just attempting to find out how significantly it would cost to run this heater say for 1 hour in a 500sq ft room (continuous heating). Even a ballpark would be nice. Thanks!
Rate_200W_ten-18_TO_11-17
Electric Power Supply Charges
KWH Charge-Energy 1562 KWH § .047517 $ 74.22
Power Provide Price Recovery 1562 KWH § .019530 $ 30.51
Electric Delivery Charges
Method Access Charge $ six.00
Elec Distribution Charge 1562 KWH § .026082 $ 40.74
Delivery Surcharges£ $ 9.49
Securitization Charge 1562 KWH § .001269 $ 1.98
Securitization Tax Charge 1562 KWH § .000535 $ .84
Palisades Plant Sale Credit 1562 KWH § .004383- $ six.85-
Total Electric $ 156.93
Very best answer:
Answer by woodtick314
You are making use of 1.2 kW per hour. So adding in the charges, you have $ .099316/kWH. Multiply by 1.2, offers you an hourly cost to run the heater at $ .1192, or 12 cents an hour. Hope this assists.
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Query by Thanks!: What is happening with the US economy?
can an individual clarify what has recently been happening in the stock market place…aka fannie could….AIG…and so on…
Greatest answer:
Answer by Chuckie<3Bobby
It is basically going down … in flames.
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Question by S1m0ne: Why do so a lot of folks not want True modify in 2012? Ron Paul for President!?
He is not the politics like usual kind of particular person. He is trustworthy, friendly and has what it takes to turn this country about. He has stood up for what he genuinely believes even if his fellow colleagues say otherwise and he has years of encounter in American Politics.
And of course, let’s not overlook. He predicted the recession.
Why do many folks not want True adjust in 2012?
Greatest answer:
Answer by John Prestwick
You would not get any modify at all due to the fact he’d veto every thing Congress passed, except for the overides.
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Question by Who’s Your Daddy Now: Seeing as how Republicans got us in this mess, ought to they be taxed at a higher price to pay it off?
Best answer:
Answer by Philip McCrevice
Funny.
Dems had been in handle of Congress when the economy tanked.
In fact, when Republicans had been in charge of Congress, we were cruising financially. Despite the loans to the dem voter base that ought to never ever have been allowed.
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Question by Pick_a_Name: Buffett Blasts Low Taxes On Billionaires, Says Congress Must Stop Coddling Them?
http://finance.yahoo.com/blogs/daily-ticker/buffett-blasts-low-taxes-billionaires-says-congress-must-142239366.html
He said his tax rate is lower than is secretary’s and he finds this unfair. Anyone seen this? or thoughts on it?
Best answer:
Answer by SugarBear
He should pay his secretary more.
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Question by BrianthePigEatingInfidel: How is the Community Reinvestment Act to blame for this mess?
In 1995, as a result of interest from President Bill Clinton’s administration, the regulations for the CRA were strengthened.
These revisions were credited with substantially increasing the number and aggregate amount of loans to low- and moderate-income borrowers for home loans. These changes were very controversial and as a result, the regulators agreed to revisit the rule after it had been fully implemented for seven years. Thus in 2002, the regulators opened up the regulation for review and potential revision.
Part of the increase in home loans was due to the emergence of lenders, like Countrywide, that do not reduce loan risk with savings deposits like traditional banks do, using the subprime authorization that was in the CRA. This is known as the secondary market for mortgage loans. The revisions allowed the securitization of CRA loans containing subprime mortgages. The first public securitization of CRA loans started in 1997 by Bear Stearns. The number of CRA mortgage loans increased by 39 percent between 1993 and 1998, while other loans increased by only 17 percent.
Other rule changes gave Fannie and Freddie extraordinary leverage, allowing them to hold just 2.5% of capital to back their investments, vs. 10% for banks. By 2007, Fannie and Freddie owned or guaranteed nearly half of the $ 12 trillion U.S. mortgage market.
Now, since the CRA is entirely a creation of the Democratic party and its leftist elements, how can anyone pin the blame on the Republicans, who actually tried to reform it in 2003?
Yes, Joan. But unlike the countries that you have wet dreams about, the ones with their epaulet-laden “el presidentes for life,” being president of the United States accords no such dictatorial powers. And get this, EVEN IF his own party is in power, he still doesn’t have control unless his party has a 2/3 supermajority. And at no time since Gingrich delivered the house to the republicans did they ever have a supermajority.
Deb M: Interesting you say that dems in power now can’t get anything done because republicans are blocking it, but then ask why republicans couldn’t pass reforms in 2002-2003. Funny you should apply such a double standard without even wincing.
Fact is, the republicans TRIED to reform it. It was blocked by the two biggest recipients of Fannie Mae contributions, Barney Fwank and Chuck Schumer.
Just because you have a simple majority does not mean you can do whatever you want.
gabriel bell: There was no bill that brought the changes in 1995. The original act in 1977 gave broad regulatory powers to three agencies: Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the Office of the Comptroller of the Currency. They made the regulatory changes within the power they already had under CRA 1977. It did not require congress to approve.
Best answer:
Answer by Joan S
Yeah. That must be it. Never mind that Bush has been in office for nearly 8 years. Not like he had any opportunity to have an impact?
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Question by Help: Economic Questions please help me?
1) All other things being equal among the banks below, which bank is the least likely to become insolvent?
a) Bank D with assets of $ 400 million and liabilities of $ 310 million
b) Bank C with assets of $ 200 million and liabilities of $ 120 million
c) Bank A with assets of $ 100 million and liabilities of $ 80 million
d) Bank E with assets of $ 100 million and liabilities of $ 60 million
e) Bank B with assets of $ 100 million and liabilities of $ 70 million
2) _______ capital specifies the amount of capital financial institutions should hold based on the riskiness of their assets.
a) Securitization-based
b) Risk- based
c) Leverage-based
d) Regulatory
3) Rising savings rates in emerging countries in the period 2000-2008 are associated with both falling and rising mortgage interest rates in the United States.
a) True
b) False
Best answer:
Answer by Aleconomixt
a) Bank D with assets of $ 400 million and liabilities of $ 310 million
b) Risk- based
a) True
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Question by xpenguin: Essentials of Investments by Bodie/Kane/Marcus . I got a h.w :(?
Hello there .. guys I have a home work on these two questions .. please If anyone knows anything about it write it down here…
1. Why would you expect securitization to take place only in highly developed capital markets?
2) Discuss the advantasges and disadvantasges of following forms of managerial compensation in terms of mitigating agency problems, that is, potentioal conflicts of interest between managers and shareholders.
a. A fixed salary
b. Stock in the firm
c. Call options on shares of the firm.
Best answer:
Answer by CHARLES R
the answers should be in chapter 4.
for question #2 you’re basically ensuring there’s significant checks and balances between owners and management.
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Question by caliman316: does any one know what “investor restriction” means?
I called bank of america to inquire about the make home affordable plan. I am a responsible home borrower and pay my mortgage on time, and I don’t have PMI. According to them I have a good history paying on time, but I’m ineligible because of investor restriction and they don’t know what that means and told me to call fannie mae. I did calll them but they said because of the amount of calls they get, it will take awhile to respond back. Any insight would be appreciated.
Best answer:
Answer by financegal27
The “Make Home Affordable Plan” is only available to borrowers who are either past due on their mortgage and/or are current but the value of the home is actually less than the amount you owe.
It doesn’t sound like Fannie Mae is the actual servicer of your loan. First thing you need to find out who actually services your loan.
Investor Restriction refers to the actual investor that owns your loan. When you take out a mortgage you go through a bank, but once the loan is complete the bank sells it through a process called “securitization”, and it becomes part of a Mortgage Backed Security that trades in the bond market. Whoever purchases the MBS that contains your bond is now the investor. Generally, there is a contract between the servicer and the investor that states what kind of actions
the servicer is allowed to take. There is some flexibility but at the end of the day the investor has control over what loans in the security do. If the investor feels that the act is not in their best interest they can restrict the action.
If Bank of America tells you that the loan is investor restricted it means the investor and servicer of your loan have not signed a contract to participate in the “Make Home Affordable Program”. You can find more in depth information at the link provided below.
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Question by xpenguin: Essentials of Investments by Bodie/Kane/Marcus . I got a h.w :(?
Hello there .. guys I have a home work on these two questions .. please If anyone knows anything about it write it down here…
1. Why would you expect securitization to take place only in highly developed capital markets?
2) Discuss the advantasges and disadvantasges of following forms of managerial compensation in terms of mitigating agency problems, that is, potentioal conflicts of interest between managers and shareholders.
a. A fixed salary
b. Stock in the firm
c. Call options on shares of the firm.
Best answer:
Answer by bhuiiddy m
Here are your best answer http://www.best-seek.com
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Question by Leon T: Best Topic for Master’s Thesis in Financial Investment?
Allright, this is a very important question to all the guys tell me what will be a best topic for my Thesis in Investments, I am in Sweden and I want to get a job here, moreover I am interested in Banking and Tax but let me know what ideas you guys have, I mean latest issues on wich my Thesis work will be a raod to new creation, Something different and new, I wanna know which is hot issue of today in Investments.
I Will be thankful to you guys.
Best answer:
Answer by marmalade
Given the topics of the last few weeks:-
1) what lessons for the structuring of securitization transactions can be drawn from the sub-prime mortgage crisis of 2007-8?
2) to what extent does the rouge trader (traders hiding trading losses and accumulating massive losses) problem manifest a failure of management within private sector financial institutions or a failure of public sector regulation of them?
3) should politicians be allowed to join private sector financial institutions within a specific period of retirement from public office? (UK:- Tony B)
4) to what extent are hedge funds beneficial to the economy in which they operate?
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Question by Angel Eyes: Business Homework Help?
Need a bit of help with these questions.
1. Financial assets represent ______ of total assets of U.S. Households.
A over 60%
B over 90%
C. under 10%
D. about 30%
2. Real assets in the economy include all but which one of the following?
A Land
B. Buildings
C. Consumer durables
D. Common stock.
29. U.S. Treasury bonds pay interest every six months and repay the principal at maturity. The U.S. Treasury routinely sells individual interest payments on these bonds to investors. This is an example of ___________.
A. unbundling
B. bundling
C. securitization
D. security selection
10. In a capitalist system capital resources are primarily allocated by ____________.
A. governments
B. the SEC
C. financial markets
D. investment bankers
Best answer:
Answer by Wukong
1) – b
2) – a
29) – d
10) – a
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