Don Mcnay

We Need Business Leaders Who Know About History

Don McNay | Posted 06.10.2009 | Business


Don McNay

If we are going to break out of this economic crisis, we don't need business leaders trained in business schools. We need leaders who know and understand history.

How to Pick and Bet on a Kentucky Derby Winner

Don McNay | Posted 06.01.2009 | Business


Don McNay

When I go to the track, I don't look at the racing form, jockeys, past history or pick horses with funny names. I usually win enough money to pay for lunch.

An Open Letter to Magic Johnson

Don McNay | Posted 05.23.2009 | Business


Don McNay

Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?

Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business


Don McNay

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

Fix the Airlines Instead of Bailing Out Wall Street

Don McNay | Posted 05.02.2009 | Business


Don McNay

I used to schedule an out of town trip then meetings the next day. Now I can't. I am not sure if I will get back or if I will get home exhausted and stressed.

AIG Underbidding Insurance Rivals and Why We Should Be Really Angry

Don McNay | Posted 04.22.2009 | Business


Don McNay

If AIG loses millions, or billions, in the future due to its "overly aggressive pricing" we are going to be picking up the tab.

Stop the Financial Services "Super Czar" (Updated)

Don McNay | Posted 04.20.2009 | Business


Don McNay

There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.

Powerball Jack and the Wall Street Bailout

Don McNay | Posted 04.16.2009 | Business


Don McNay

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.

The Positive Economics of Food Stamps

Don McNay | Posted 04.09.2009 | Business


Don McNay

A program that gives back $1.73 for every dollar spent is a better return than Wall Street is offering.

MBNA Claims to Have Talked to My Dead Mother about Credit Card

Don McNay | Posted 04.04.2009 | Business


Don McNay

My mother allegedly died in 2006. I say allegedly because a collector representing MBNA said he talked to her on June 21st.

Looking for Bailout Love in All the Wrong Places

Don McNay | Posted 04.03.2009 | Business


Don McNay

Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.

The Search for a Bailout End Game

Don McNay | Posted 03.27.2009 | Business


Don McNay

Every bailout plan reminds me of an economic re-run of the Iraq war: There is a lot of panic. A hastily written plan sweeps through Congress without scrutiny. The plan is expected to "shock and awe" us.

Wealth Without Wall Street

Don McNay | Posted 03.12.2009 | Business


Don McNay

There has been a long and irreversible trend toward small, entrepreneurial businesses, located far from money centers. Instead, Washington keeps throwing money at these "too big to fail" money losers.

Consumer Confidence and an All American Attitude

Don McNay | Posted 02.27.2009 | Business


Don McNay

In today's economy, there are a lot of things out of control. Greedy bankers and lousy leaders put the world in peril -- it is easy to get depressed. Then I think about the bright side.

We Need a Rehab Program for Spenders

Don McNay | Posted 02.24.2009 | Business


Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

A Wall Street Kind of Scandal on Lexington Ky's Main Street

Don McNay | Posted 02.11.2009 | Business


Don McNay

The Lexington scandal helped me understand why some in the big city media were going easy on the Wall Street mess, while people like me, living in the heartland, are going crazy about their excesses.

The Post Crazy Economy

Don McNay | Posted 02.09.2009 | Business


Don McNay

To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.

Son of a Gambler's Guide to Holiday Books

Don McNay | Posted 12.27.2008 | Business


Don McNay

It's a lesson to me, the ablers and the beggars and the thieves -The Grateful Dead If you read my book, Son of a Son of a Gambler, you'll know that...