William H. Lyons (Nebraska; visiting at Miami) presents Why Didn’t They Ask the Tax Experts? Congress, Treasury, and the Responses to the Home Mortgage Crisis at Miami today as part of itsFaculty Speaker Series:

Lyons will discuss the various real estate recovery programs the Treasury Department has implemented under the Housing and Economic Recovery Act (HERA) and the Troubled Asset Relief Program (TARP). He contends that these recovery programs were developed quickly and without adequate consideration of the federal income tax consequences. Lyons’ paper identifies and analyzes the tax and bankruptcy policy issues, as well as the technical issues, posed by HERA, TARP and the Mortgage Forgiveness Debt Relief Act.