Fox Business News

Has Computer Trading Made the Stock Market a "Crapshoot"?

Robert Auerbach | Posted 05.25.2011

Read More: Cnbc, William H. Donaldson, Milton Friedman, Dodd-Frank Wall Street Reform and Consumer Protection Act, Arthur Levitt, Barrons, Jim McTague, Flash Crash, Washington Post, Eugene Fama, New York Stock Exchange, Fox Business News, Alternate Trading Systems, Sec, Ats, Hft, High Frequency Trading, Securities and Exchange Commission, Business News

A new book will prove indispensible for those interested in the problems and benefits of replacing human traders with algorithmic machines -- in one of most important markets in the world.

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Key Republican Blasts 'New York Times' Over WikiLeaks

HuffingtonPost.com | Sam Stein | Posted 05.25.2011

Read More: Fox Business News, New York Times Wikileaks, Wikileaks King, Peter King Wikileaks, Peter King, King New York Times, Peter King NYT, Wikileaks, Politics News

WASHINGTON -- Rep. Peter King (R-N.Y.), long known for being one of the first and loudest voices to offer his two cents on national security crises, t...

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Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011

Read More: Small Business, Kentucky Guardianship Administrators, Civil Rights Act, Eat Pray Love, Dr. Lawrence Summers, Lobbyists, Retirement Plans, Fox Business News, Main Street, donmcnay.com, The Fed, Student Loan Debt, Lawrence Summers, That's Amore, Harvard, Goldman Sachs, Dean Martin, Move Your Money, Opinion Polls, Timothy Geithner, Debt Free U, Bought and Paid For, American College, Wall Street Bonuses, Lottery Winners, McNay Settlement Group, Msfs, Italy, Zac Bissonnette, Life Insurance Companies, Pizza, Richmond Kentucky, Chfc, Books, Elizabeth Gilbert, Charlie Gasperino, Kentucky, Third World Nation, Don McNay, www.mcnay.com, Student Loans, Wall Street Compensation, Clu, 24 Hour News Cycle, Charles Gasperino, The Italians, Wall Street, Wealth Withouth Wall Street, Vanderbilt University, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Public Financing of Elections, Eat Pray Love Movie, Ben Bernanke, Personal Finance, Luigi Barzini, Fox News, Arianna Huffington, Cssc, Books News

Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?

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An Unapologetic Liberal

Craig Crawford | Posted 05.25.2011

Read More: Fox News, Fox Business News, Fox Business Network, Stuart Varney, Helen Thomas, Politics News

My co-author and pal Helen Thomas held nothing back on FOXBusiness (4/27). At a time when so many liberals still run away from the tag, it's almost st...

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Is Being Anti-Goldman Sachs Being Anti-American?

Don McNay | Posted 05.25.2011

Read More: Wlw, Liberals, Lobbyists, Washington Lobbyists., President Obama, Main Street, Tea Party Movement, Goldman Sachs, Conservatives, General Motors, Richmond Ky, Louisville, Kentucky, Lexington, Financial TImes, K Street, Tea Party, American College, Incumbants, Lloyd Blankfein, Erin Burnett, Mcnay, Cnbc, Too Big to Fail, Gm, Aig, Don McNay, Goldman, Fox Business News, Jim Cramer, Structured Settlements, Too Big for Jail, Goldman Sachs Bonuses, Wall Street, Vanderbilt University, Cnn, Eastern Kentucky University, Banks, Henry Paulson, Million Dollar Round Table, Son of a Son of a Gambler, Fox News, Sec, Securities and Exchange Commission, Anti Incumbants, Business News

The real scandal of the entire bailout mess was how money was funneled through AIG to pay "counterparties" like Goldman Sachs 100 cents on the dollar.

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New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011

Read More: Douglastown NY, Kentucky Guardianship Administrators, Senate Minority Leader, Bailouts, Queens Ny, Counterparties, Dartmouth, Roger Ailes, Arianna Huffington, Bee Gees, Richmond Ky, Andrew Ross Sorkin, David Herszenhorn, McNay Settlement Group, New York Times Editors, Thomas Friedman, Bp, Time Magazine, Books, Washington Elites, Too Big to Fail, Michael Lewis, Joe Nocera, Fox Business News, Main Street Media, Clu, Louisville, Million Dollar Round Table, Banks, Ben Bernanke, Lyndon Johnson, mcnay.com, Senator Mitch McConnell, New Orleans, Institute for Rural Journalism and Community Issues, Mitch McConnell, President Obama, The Big Short, Main Street, donmcnay.com, Flushing, Msnbc, Oil Spill, ProCon.Org, Move Your Money Campaign, American College, Personal Finance, Lexington, Greed, Msfs, Louisiana, Chfc, Move Your Money, Kentucky, British Petroleum, Queens, Don McNay, Cnn, Wall Street, Wall Street Bailouts, Vanderbilt University, New York Elites, Eastern Kentucky University, New York Times, Fox News, University of Kentucky, Cssc, Rural Blog, Media News

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

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Abraham Shakespeare: Death by Lottery (video)

Don McNay | Posted 05.25.2011

Read More: Kentucky Lottery, Kentucky Guardianship Administrators, Certified Structured Settlement Consultant, Tampa, Big Money, Lotto, Cbs, Powerball, What to Do When You Win the Lottery, Tlc, Cnbc, Florida Justice Association, Florida Lotto, Orlando Florida, American College, Personal Finance, Florida Bar Association, McNay Settlement Group, Abc, Structured Settlement, Msfs, Florida, Lottery, Mega Million, Chfc, Estate Planning Attorneys, Kentucky Bar Association, Cpa, Nbc, Kentucky, Don McNay, Wlw, Fox Business News, Whas, Clu, Lakeland Florida, Cnn, Bank Trust Departments, The Learning Channell, Vanderbilt University, Abraham Shakespeare, Kentucky Trial Attorneys, Million Dollar Round Table, Banks, Eastern Kentucky University, Son of a Son of a Gambler, Fox News, Death by Lottery, Cssc, Business News

http://www.youtube.com/user/mcnayonthemoney#p/a/u/0/t-nYOCaF2cM Here's a video of my comments on the death of Florida Lotto winner Abraham Shakespe...

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Just Say "No" to Adult Children Wanting Money

Don McNay | Posted 05.25.2011

Read More: Iphone, Kentucky Guardianship Administrators, Children, Cspan, Addictions, Big Money, Roger Ailes, Bad Luck, Parenthood, Reagan, Cnbc, Injury Settlements, Lexington KY, 401k, Richmond Ky, Morning in America, Ncaa Basketball, Strippers, McNay Settlement Group, Inheritances, Rumeal Robinson, Tough Love, Bankruptcy, Retirement, Retired and Broke, Medical Expenses, Fox Business News, Clu, Just Say No, Soldiers, Enabling, The American College, Million Dollar Round Table, College Tuition, Foreclosures, Ambition, Helen Ford, Frontline, Special Needs Children, John Prine, Miami News Times, Ohio University, Budgeting, Msnbc, Failure to Launch, Financial Crisis, Aarp, Senior Citizen Bankruptcy, Personal Finance, Newsweek, Balanced Life, Msfs, Borrowing Money, Lotteries, Chfc, Foster Children, Kentucky, Don McNay, NBA Basketball, www.mcnay.com, Structured Settlements, www.donmcnay.com, Mortgage, Vanderbilt University, Eastern Kentucky University, Fox News, University of Michigan, Afghanistan, Mooching, Cssc, Caddilac, Business News

You are not doing your children any favors by not allowing them to grow up. I'm OK with parents helping children through college (in four years, not forty), but after that they are on their own.

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Develop Your Strategic Plan for 2010‏!

Michelle Renee | Posted 05.25.2011

Read More: Small Business, Jian, Women Entrepreneurs, Business News, Software, Michelle Renee, Biz-Plan-Builder, How-to-Start-a-New-Business, New Business, Entrepreneurship, Business, Fox Business News, Burke Franklin, Business News

Having a proven strategic business planning and financial forecasting system will help you, not only save time and reduce stress, but also make the most out of your existing cash flow, opportunities and resources.

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2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011

Read More: Mid Term Elections, Upheaval, Congress, Kentucky Guardianship Administrators, Hank Paulson, Lobbyists, Bailouts, Consumer Spending, Big Money, Roger Ailes, Lawrence Summers, Arianna Huffington, State Legislature, Cnbc, Economic Pain, Unemployed, Lexington KY, Spending Cuts, Wall Street-Washington, Andrew Ross Sorkin, Timothy Geithner, Kenneth Feinberg, Inside the Beltway, McNay Settlement Group, Incumbants, Republican National Committee, City Council, High Unemployment, Ky, Willie Stark, Democratic National Committee, Pay Czar, Fox Business News, Clu, Anger, Louisville, Million Dollar Round Table, Ben Bernanke, Alan Greenspan, Bonuses, Czars, Jefferson Airplane, Small Business, President Obama, Congressional Elections, 2010 Elections, Washington, Main Street, donmcnay.com, Tea Parties, Msnbc, Unemployment, Tea Baggers, All the Kings Men, Rural Journalism, Financial Crisis, Housing Crisis, Running for Office, President Bush, Richmond, American College, Incumbant Politican, Personal Finance, Msfs, Chfc, Small Towns, Kentucky, Don McNay, www.mcnay.com, Structured Settlements, Layoffs, Wall Street Bailouts, Wall Street, Vanderbilt University, Robert Penn Warren, Self Dealing, Eastern Kentucky University, Fox News, Certified Structured Settlement Consultant, Glenn Beck, Cssc, Too Big to Fail, Bill O'Reilly, Elections 2010, Business News

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

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Postage and Other Economic Outrages Against Soldiers

Don McNay | Posted 05.25.2011

Read More: Military Families, US Soldiers in Afghanistan, Kentucky Guardianship Administrators, Working Class Families, Economic War, Bailouts, Christmas, Armed Services Committee, Fahrenheit 9/11, Working Class, Fort Campbell, Cnbc, Media Cycle, US Armed Services, Mutual Funds, Diana Henriques, Military, Army, Richmond Ky, Tiger Woods, HR 707, Check Cashing Companies, Air Force Marines, Postal Service, Navy, McNay Settlement Group, Popcorn, US Soldiers, Weapons of Mass Destruction, Federal Express, Postage Stamp, Senate Armed Services Committee, Congress, Support Troops, Fox Business News, House Armed Services Committee, Clu, Tiger Woods Mistresses, Soldiers, The American College, Lonely Soldier, Million Dollar Round Table, Fidelity Destiny Fund, NY Times, War Zone, Bobby Vinton, Ups, HR 2126, US Military, Main Street, Stars and Stripes, Iraq, Walter Reed Army Medical Center, Fox, Media, Kentucky Guardianship Administrators LLC, Peter Lynch, Wall Street Bailouts, Unemployment, Postage, Financial Crisis, Trillion Dollar Deficits, Lily Tomlin, US Soldiers Iraq, Lexington, Fidelity Investments, Structured Settlement, Msfs, Chfc, Economic Crisis, Payday Lenders, Body Armor, Kentucky, Don McNay, Fort Knox, Usps, Contractual Mutual Fund, Dhl, Tiger Woods Affair, Letters, House Armed Service Committee, Cnn, Wall Street, Vanderbilt University, Tax Refund Anticipation Loans, Eastern Kentucky University, Certified Structured Settlement Consultant, Afghanistan, Michael Moore, Cssc, Annuity, Life Insurance, Too Big to Fail, Body Bag, Annuites, Walter Reed, hb404, Business News

America ships soldiers off to Afghanistan and Iraq for free. If you come back in a body bag, they ship that back for free, too. However, we make families who send soldiers socks, food and underwear pay shipping costs.

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Is Credit Evil?

Don McNay | Posted 05.25.2011

Read More: Financial Peace, Kentucky Guardianship Administrators, Capital One, Investment Risk, Big Money, Cnbc, Aig, Mortgages, Richmond Ky, Home Prices, Christian Author, Financial Crisis, Immediate Annuity, American College, Tax-Refund-Anticipation-Loans, Lexington, Personal Finance, Credit Card Fees, McNay Settlement Group, Msfs, Payday Lending, Structured Settlement, Citigroup, Chfc, Loan Sharks, Home Mortgages, Car Loans, Upside Down, Larry Burkett, Kentucky, Don McNay, Payday Loans, Credit Crisis, Structured Settlement Annuity, Credit Cards, Fox Business News, Clu, American Express, Dave Ramsey, JPMorgan Chase, Cnn, Subprime Mortgages, Credit, Vanderbilt University, Syndicated Radio, Million Dollar Round Table, Eastern Kentucky University, Fox News, Warren Buffett, Cssc, Annuity, Race Track, Too Big to Fail, High Interest Rates, Christian Financial Concepts, Louisvile, Business News

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

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Like Lottery Winners, Pro Athletes Also Blow Big Money

Don McNay | Posted 05.25.2011

Read More: National Basketball Association, Small Business, National Football League, Aerosmith, Yogi Berra, Tom Leach, Jack Whitaker, Carlito's Way, Strip Clubs, Investment Advisors, Weight Loss Counselor, Cnbc, Richmond Ky, Sports Agents, Nba, Financial Crisis, Substance Abuse, Financial Planning, Entourage, Lottery Winners, Personal Finance, McNay Settlement Group, Bankruptcy, Lotteries, Powerball, Players Unions, Kentucky, Don McNay, Nfl, Fox Business News, Clu, Structured Settlements, Dave Ramsey, Sports Illustrated, Cnn, Espn, Vanderbilt University, The American College, Major League Baseball, Banking, Million Dollar Round Table, Eastern Kentucky University, Attraction to Celebrities, University of Kentucky, Certified Structured Settlement Consultant, University of Kentucky Wildcats, Posse, Business News

Even as a structured settlement consultant, I was stunned to learn that within two years of retirement, 78 percent of NFL players are bankrupt or under financial stress.

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Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 05.25.2011

Read More: Household Finance, Main Street and Wall Street, Chartered Financial Consultant, Banking Collapse, Bailouts, Card Balance, Cnbc, Maria Bartiromo, Injured People, Steve Wynn, Lexington KY, Lottery Winners, Second Mortgages, McNay Settlement Group, Trial Lawyers, Son of a Gambler, Big Brother, Consumer Loans, Gretchen Peters, Bookmaking, Furniture Loans, Andrew Kahr, Mgm, Joe Nocera, MGM Mirage, New York, Fox Business News, Las Vegas, Clu, Dave Ramsey, Louisville, Million Dollar Round Table, India, Credit Card, Sports Betting, A Piece of the Action, Lake Tahoe, Small Business, Credit Card Data, Certified Structured Settlement Consultant, Main Street, Federal Reserve, South Dakota, Bank Products, Christina Binkley, Cincinnati, Betting, Financial Crisis, American College, Personal Finance, Casinos, Msfs, Structured Settlement, Pay Off the Balance, Chfc, Federal Reserve Study of Consumer Finance, Car Loans, Kentucky, Don McNay, Chartered LIfe Underwriter, First Deposit Corporation, Reno, Structured Settlements, Business Books, Cnn, Credit Cards, Subprime Mortgages, Small Town Banks, Vanderbilt University, Bank Bailouts, New York Banks, Eastern Kentucky University, Fox News, New York Times, Harrah's, New York Times Columnists, Cssc, Richmond Ky, Odds Makers, Too Big to Fail, Winner Takes All, Harrahs, Providian, Business News

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.

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The Simple Health Insurance Solution

Don McNay | Posted 05.25.2011

Read More: Insurance Companies, Obama Healthcare, Congress, Park Foundation, Obama, Health Insurance, Aetna, Kentucky Educational Television, Politics, Cnbc, Government-Subsidies, Richmond Ky, Nancy Pelosi, Wendell Potter, Partridge Foundation, Wnet, Kohlberg Foundation, Premium, Bernard and Audrey Rapoport, Health Care, PBS Documentaries, Blue Dog Democrats, Hillary Care, Ronnie Millsap, P&C Companies, Pbs, Marilyn and Bob Clements, Property and Casualty Insurance Companies, Insurance Agents, Fetzer Institute, The Herb Alpert Foundation, Ted Kennedy, Barack Obama, Fox Business News, Ben Chandler, Public Welfare Foundation, Blue Cross Blue Shield, Clu, Health, Hartford, Health Care Reform, Million Dollar Round Table, Mutual of America Life Insurance Company, Bill-Moyers-Journal, Hillary Clinton, Mitch McConnell, Anthem, President Obama, Medical-Loss Ratios, Cigna, Orfalea Family, Aig, Insurance Premium, Speaker Nancy Pelosi, John D. And Catherine T. MacArthur Foundation, American College, Personal Finance, Bill Moyers, Bill Clinton, Msfs, Life Insurance Companies, Chfc, Kentucky, Don McNay, Thirteen/WNET, Structured Settlements, Vanderbilt University, Claims Adjusters, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, John and Polly Guth Charitable Fund, Ket, Business News

I've had my own angry, screaming battles with my health insurance carrier. It seems everyone I've talked to has had a similar experience. I just don't see them marching on Washington about it.

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Playing the Hand that Life Deals You

Don McNay | Posted 11.17.2011

Read More: Children, Main Street and Wall Street, Handicapped Children, Chartered Financial Consultant, Bailouts, Poker, Trial Magazine, Northern Kentucky, Gambling, Goldman Sachs, Car Financing, Bailout, Richmond Ky, Trial Lawyers, McNay Settlement Group, Brian Injured Babies, Tennessee Trial Lawyers, Grandparents, Joe McNay, Fox Business News, Clu, Goldman Sachs Bonuses, Son of a Son of a Gambler, Million Dollar Round Table, Chartered LIfe Underwriter, Wall Street Bonuses, Washington, Positive Attitude, Main Street, Obama, Drugs, Special Needs Children, Cincinnati, Teen Pregnancy, Financial Crisis, Substance Abuse, American College, Personal Finance, Blackjack, Kentucky Trial Lawyers, Professional Gambler, Structured Settlement, Msfs, Twitter, Chfc, Kentucky, Don McNay, Sub Prime Mortgages, Parenting, Facebook, Structured Settlements, Federal Bailouts, Credit Cards, American Association for Justice, Wall Street Crisis, Wall Street, Vanderbilt University, Financial Consultant, Natalie Merchant, Casino, Brain Injury, Eastern Kentucky University, Certified Structured Settlement Consultant, Newport Ky, Cbnc, Healthy Living News

I've dealt with hundreds of parents of special needs children. They take the hand that is dealt to them. And usually turn that hand into aces.

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Fox Business Network Has No Idea What's Going On (VIDEO)

Huffington Post | Alex Leo | Posted 05.25.2011

Read More: Video, News Bloopers, News Gaffes, Robert Gray, Fox News, Fox Business Network, Tracey Byrnes, Fox Business, Fox Business News, Fox Business Gaffes, Comedy News

When the news broke yesterday that the Supreme Court had issued a stay, temporarily delaying the sale of Chrysler to Fiat, Fox Business Network (FBN) ...

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HuffPost's Julie Satow Talks Trashy Scripts, Little Caesars, And California's Financial Troubles On Fox Business News

Huff TV | Posted 05.25.2011

Read More: Video, Julie Satow, Fox Business News, Little Caesars, California Financial Crisis, Business News

Huffington Post Business Editor Julie Satow appeared on Fox Business Network's America's Nightly Scoreboard to discuss all things business. Topics in...

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The Fox Business Network: As Good At Music As It Is At Business Reporting (VIDEO)

Huffington Post | Alex Leo | Posted 05.25.2011

Read More: Fox Band, Video, Fox Business Network Band, Fox Business Band, Mike Huckabee, Funny Videos, Fbn Band, Mike Huckabee Fox Business Netwrok Band, Huckabee Fbn Band, Mike Huckabee Foo Fighters, Liz Claman Video on Huckabee Show, Fox Business News, Fox Business, Fox Business News Band, Comedy News

Wow. I mean...wow. Mike Huckabee invited some Fox Business Network folks on his show to "jam" with him. They chose to play "Learning to Fly" by the Fo...

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CNBC vs. Fox Bimbo News

Charles Warner | Posted 05.25.2011

Read More: Henry Paulson, Ben Bernanke, Fox Business News, Cnbc, Media Coverage of Wall Street, Wall Street Crisis, Media News

I got the distinct impression that, in general, CNBC chose its on-air people based on their knowledge and expertise and FBN chose its on-air people based on their looks and personality.

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Fox Business Snatches WSJ's Walt Mossberg From CNBC

Silicon Alley Insider | Michael Learmonth | Posted 05.25.2011

Read More: Rupert Murdoch, Cnbc, Walt Mossman, Wall Street Journal, Fox Business News, Business News

You had to know Rupert Murdoch's fledgling Fox Business Network would get something out of this whole Dow Jones/Wall Street Journal acquisition. Well,...

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Low On Ratings, Fox Business Juggles Daytime Lineup

New York Times | Brian Stetler | Posted 05.25.2011

Read More: Alexis Glick, Fox Business, Stuart Varney, Fox Business News, Liz Claman, Media News

Viewers of the Fox Business Network -- and it remains unclear how many there are -- may notice a number of changes on Monday. Some anchors, like Alex...

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NBC Plans Major Job Cuts At MSNBC, News Division

New York Post | Peter Lauria | Posted 05.25.2011

Read More: Msnbc, Cnbc, NBC News, Jeff Zucker, NBC Layoffs, Nbc, NBC Job Cuts, Fox Business News, Business News

NBC boss Jeff Zucker is expected to make big cuts on the newsgathering and operational side of the company's news division, including eliminating an e...

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