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The FDIC is now in the Banking Business..

March 30, 2009

Paulson, the man behind the Banking Crisis.

As this Banking Crisis continues on it’s marathon run making rules up willy-nilly as it ambles along gobbling up Taxpayer dollars leaping tall buildings at a single bound. Please take a minute and back-up your memory just a bit to last September. See the image of Paulson announcing the BK of Lehman Bros and the failure of Washington Mutual to get it’s act together salvaging what they could to forestall and survive another day, when help was a mere 72hrs away.

JP Morgan, the most unctuous and aggressive PIT BULL financial institution in the World, bit deep and wasn’t about to let go after it mastermind a COUP with Paulson and the power of FDIC to back it’s offer of purchasing WAMU for pennies on the dollar. All— under the direction of Paulson and the FDIC. If you think for a moment this doesn’t affect you; think again.

There is a new form you must fill out with your Lender, Form-4506T for the IRS if you purchase or refinance your home. Actually, the Lender will request you sign and date a request to the IRS.

PDF of the Form-4506T


“A tax return transcript shows most line items from your tax return (Form 1040, 1040A or 1040EZ) as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes you, your representative or the IRS made after the return was filed. In many cases, a return transcript will meet the requirements of lending institutions such as those offering mortgages and for applying for student loans. “

“A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.’

The bottom line is… Big Brother is checking your Tax Return information for accuracy… buying a house or refinancing, could become problematic to you more than a leaky roof or repainting the house.



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