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Main Street

Shahien Nasiripour and Ryan Grim

Senator Says Loophole In Derivatives Regulation Undermines Reform

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.20.2009 | Business

Read More: Financial Crisis, Cantwell, Occ, Regulatory Reform, Derivatives, Financial Reform, Derivatives Reform, Collin Peterson, Barney Frank, Main Street, Bailout, Maria Cantwell, Wall Street, Business News

The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivativ...

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Dems Want Unspent TARP Funds For Main Street Bailout

Posted 11.18.2009 | Politics

Read More: Small Business Loans, Wall Street Bailout, Recovery, Congress, Unused Tarp Money, Federal Deficit, Leftover Tarp Funds, Peter DeFazio, Jobs, Homeowners, Obama, Democrats, Defazio, Main Street, Barney Frank, House, Deficit, Earl Blumenauer, Senate, Unemployment, White House, Financial Crisis, Extra Tarp Money, Bank Bailout, Leftover Tarp Money, Tarp, Republicans, Politics News

Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

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Geithner Is "Obama's Rumsfeld": Replace Him With Robert Reich

Paul Abrams | Posted 11.17.2009 | Business

Read More: Main Street, Larry Summers, Robert Reich, Wall Street, Tim Geithner, Treasury Secretary, Don Rumsfeld, Timothy Geithner, Business News
Paul Abrams

Geithner is a continuing liability for this President. By stepping down, he can rightly claim some successes, while also presenting an opportunity for Obama to appoint a Treasury Secretary who fights for Main Street.

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President Obama's Entrepreneurial Mindset

Don McNay | Posted 11.17.2009 | Business

Read More: Hawaii, Al Gore, Small Business, Entrepreneurial Time System, Toronto, Small Town, 1976 Election, George W. Bush, Single Mothers, President Obama, Entrepreneurs, Kentucky Guardianship Administrators LLC, David and Goliath, The Audacity to Win, Senators, Ellen, Political Organizing, Larry King, Lexington KY, Richmond Ky, John Kerry, William Jennings Bryan, Xerox, Steven Jobs, 2008 Campaign, The Strategic Coach, American College, Ibm, Wall Street, African Americans, Google, McNay Settlement Group, Bill Clinton, John McCain, Impossible Goals, Microsoft, Washington Insiders, Kentucky, Don McNay, Bill Gates, 2008 Election, Southern Politics, David Plouffe, Entrepreneurial, Main Street, Structured Settlements, Ross Perot, Vanderbilt University, Jay Leno, George Wallace, Dan Sullivan, Oprah, Million Dollar Round Table, Eastern Kentucky University, Jimmy Carter, Hillary Clinton, Obama Calls Small Towns Bitter, Tyra Banks, Fundraising, Entrepreneurship, David Lettterman, Nssta, Business News
Don McNay

I have not seen much evidence of Obama being in touch with small-town Kentucky, but after reading David Plouffe's new book, The Audacity to Win, I have become convinced that he knows what it takes to run a business.

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Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 11.07.2009 | Politics

Read More: Larry Summers, ny23, Regulation, Obama, Teaparty, New York 23, White House, Dede Scozzafava, Finance, Gop, Paul Volcker, Wall Street, Bill Owens, New York City, Michael Bloomberg, Financial Reform, Election Day 2009, H1N1 Vaccine, Ny-23, Doug Hoffman, Democrats, 2009 Elections, Bill Thompson, Main Street, Elections, Anger, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Republicans, Politics News

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

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A Year Later -- My Clarion Call to America Left Unanswered

Lynn Tilton | Posted 11.02.2009 | Business

Read More: Tarp, Small Business, Lynn Tilton, Economy, Economic Crisis, Wall Street, Clarion Call, Recession, Main Street, Obama, Gdp, Job Creation, Meritocracy, Obama Administration, Business News
Lynn Tilton

We are living in interesting times and the road to resurgence will be long and fraught with obstacles. The path to economic recovery begins with truth.

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Obama Year One: The Public Is A Trust, Not An Option

Dan Siegel | Posted 11.03.2009 | Politics

Read More: By the People, Congress, Public Option, Wall Street, Rahm Emanuel, Afghanistan, Hbo, One Year Later, President Obama, Obama Administration, Main Street, Timothy Geithner, Bank Bailout, Obama Health Care, Barack Obama, Politics News
Dan Siegel

One year since an historic election, where the Obama administration has fallen short in our hopes for a truly new direction, one finds the central conflict to be between public good and private gain.

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Bankers Expect Rising Bonus Pay To Break Records

Bloomberg | Robert Schmidt and Ian Katz | Posted 10.29.2009 | Business

Read More: Main Street, Wall Street Bonuses, Wall Street, Bonuses, Bonus, Business News

In Washington and on Main Street, politicians and voters are railing against Wall Street's multi- million-dollar pay packages. In the financial world,...

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

Don McNay | Posted 10.27.2009 | Business

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, Business News
Don McNay

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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Main Street Lags Far Behind Wall Street In Recession Recovery

BusinessWeek | Moira Herbst | Posted 10.26.2009 | Business

Read More: Gdp, Unemployment, Gluskin Sheff, Wall Street, Lagging Indicators, Dow Jones Industrial Average, Leading Indicators, Main Street, David Rosenberg, ABC News/Washington Post Poll, Gross Domestic Product, Recession, Business News

On the one hand, the Dow Jones industrial average once again danced around 10,000 last week. If U.S. gross domestic product rebounds as expected on Oc...

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Is There a Change In the Weather at Goldman Sachs?

Raymond J. Learsy | Posted 10.26.2009 | Business

Read More: Cnbc, Goldman Sachs, Government Guarantees, The Bailouts, Lord Brian Griffiths, Cit, Financial Crisis, Main Street, Too Big to Fail, Business News
Raymond J. Learsy

A news item appeared this week that at least seems to offer reasonable hope that Goldman is beginning to use its good fortune to help remedy the foundering fortunes of Main Street America.

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Divergence, of Course

Max Fraad Wolff | Posted 10.20.2009 | Business

Read More: Alabama, California, Bankruptcy, Federal Budget Deficit, Wall Street, Main Street, Fannie Mae, Foreclosure, Household Debt, Business News
Max Fraad Wolff

Despite the excitement over the stock markets, credit markets remain ground zero. They are where defaults destroy fortunes but they are also crucial to US industrial growth.

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It's Time to Teach Children About Money

Don McNay | Posted 10.12.2009 | Business

Read More: Keen Johnson, Kentucky Governor, Kentucky Guardianship Administrators, Children, Have and Have Nots, School Curriculum, Rowman & Littlefield, Cell Phone, Gambling, Bailout, Lexington KY, Dollar, Grade School, Timothy Geithner, Happy Chandler, Financial Meltdown, Great Depression, McNay Settlement Group, Ipod, Educators, Ky, Clu, Savings Rate, Education, Louisville, Son of a Son of a Gambler, Million Dollar Round Table, High School, Ben Bernanke, Teachers, Investments, John Mellencamp, Frugal, Main Street, Darwin, Keen Babbage, Financial Crisis, The American College, Richmond, Personal Finance, Impact, Casinos, Msfs, Structured Settlement, Lottery, Chfc, Handling Money, Kentucky, Payday Loans, Don McNay, Hank Paulsen, Slot Machines, Recession, Henry Clay High School, Credit Cards, Wall Street Bailouts, Wall Street, Vanderbilt University, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Extreme Economics, Too Big to Fail, Payday Leading, Business News
Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

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Small Town Values in a Big Time Lawyer

Don McNay | Posted 10.10.2009 | Impact

Read More: Small Communities, Kentucky Guardianship Administrators, The Balanced Life, Brooklyn, Chartered Financial Consultant, Big Money, The Inner Life, Somerset Ky., Executor, Rural Lawyers, American Justice Association, Kja, South Side of Chicago, City Attorney, Lottery Winners, McNay Settlement Group, Richmond Kentucky, Kata, Richard Hay, Will, Insurance Companies, Boston Legal, Clu, Roscoe Pound, Barbourville Ky., Snobbery, Sam Davies, Atla, Million Dollar Round Table, Berea Kentucky, Trial Lawyer, Small Business, Attorney, President Obama, John Mellencamp, Mcnay, Main Street, American College of Trial Lawyers, James Gilbert, The Amercian College, Kentucky Justice Association, Impact on Community, Kentucky Trial Lawyers Association, American Trial Lawyers Association, Products Liability Attorney, Cincinnati, Products Liability, Personal Finance, Covington Kentucky, O.J. Simpson, Msfs, J.T. Gilbert, Chfc, Small Towns, Kentucky, Wills and Trusts, Don McNay, Facebook, Structured Settlements, Wall Street, Vanderbilt University, Berea, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Estate Planning, Actl, Impact News
Don McNay

It could be that President Obama is a small town guy after all. His early adulthood on the south side of Chicago is where he found a "small town" environment that embraced him.

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Following Palin in Hong Kong

Cameron Sinclair | Posted 09.25.2009 | Politics

Read More: Governor Palin, Main Street, Alaska, Hong Kong, Sarah Palin, Politics News
Cameron Sinclair

I found myself in an odd situation of keynoting the same event as Sarah Palin in Hong Kong. I ended up tweeting the talk, and other than her comment on the Fed, I think it's somewhat accurate.

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Credit Card Delinquencies Up, Worst Yet To Come

Posted 11.15.2009 | Business

Read More: JPMorgan Chase, Bank of America, Financial Crisis, Main Street, Ben Bernanke, Credit Cards, Consumer Spending, Recession, Citigroup, Business News

Despite optimistic pronouncements from the nation's financial stewards, a recovery is not in the cards. At least not anytime soon, judging by the late...

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Tone Deaf? The White House and Unemployment

RJ Eskow | Posted 11.15.2009 | Politics

Read More: Unemployment, Bob Herbert, Presidecy, Barack Obama, Roosevelt Administration, Tim Geithner, Economy, Larry Summers, Fdr, Wall Street, Recession, Main Street, Politics News
RJ Eskow

If unemployment figures are really "unacceptable," why is Larry Summers accepting the forecast -- and repeating it -- instead of telling us how the White House plans to change it?

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Why Obama Won't Be Able to Reform Wall Street

Arianna Huffington | Posted 11.14.2009 | Business

Read More: Obama Wall Street Speech, Wall Street, Obama Financial Reform Speech, Barack Obama, Obama Financial Address, Credit, Lending, Credit Crisis, Main Street, Business News
Arianna Huffington

Obama won't be able to change the course our financial system is on unless he takes on the bankers and their hordes of lobbyists who continue to dictate policy in DC.

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The Lottery Question

Don McNay | Posted 10.16.2009 | Business

Read More: American Business, Met Life, Trial Consultants, Chinese, New York Life, Strategic Coach, J. Giles Band, Mediations, Gambling, Cnbc, The Dan Sullivan Question, Richmond Ky, Megamillons, American Bar Association, Johnny Bench, Self Reliance, Real Estate, Financial Planning, Lottery Winners, Jury Consultants, Injury Victims, Trial Lawyers, Church, Major League Baseball, Actuaries, Medition Consultants, Prudential, Clu, Louisville, Dan Sullivan, Angel in Blue, Inner Circle of Advocates, Million Dollar Round Table, College Tuition, Entrepreneurship, Big Red Machine, Sports Betting, Small Business, Lawyers, Settlement Conferences, Toronto, Pete Rose, Cincinnati Reds, Washington, Main Street, National Institute for Trial Advocacy, Structured Settlement Consultant, Personal Injury, American Associaton for Justice, Fox Business Network, Aig, Insurance Carriers, Cincinnati, Financial Crisis, Kentucky Association for Justice, American College, Lexington, Personal Finance, Casinos, Msfs, Structured Settlement, Lottery, Chfc, Life Care Planners, Japanese, Powerball, Kentucky Bar Association, Kentucky, Don McNay, Structured Settlements, Cnn, Dreams, Mediators, Wall Street, Vanderbilt University, Claims Adjusters, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Nascar, Children to College, Too Big to Fail, John Hancock, Mdrt, Aviva, Reds, Business News
Don McNay

Everyone has dreams and desires but usually keep them hidden, back in the recesses of their minds. The lottery question gets those dreams and desires out in the open, on the front burner.

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Shahien Nasiripour

Bank Numbers Reveal Troubling Trend On Main Street

HuffingtonPost.com | Shahien Nasiripour | Posted 09.27.2009 | Business

Read More: Mortgages, Fdic, Mortgage Crisis, Real Estate, Sheila Bair, Recession, Main Street, Problem Banks, Business News

More than one in four U.S. banks are unprofitable, a number fueled by rising numbers of bad loans, the FDIC announced Thursday. The percent of banks ...

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The Bonuses and the Damage They Do

Dave Johnson | Posted 09.26.2009 | Business

Read More: Unemployment, Wall Street, Bonuses, Tarp, Recession, Goldman Sachs, JP Morgan, Economy, Main Street, Business News
Dave Johnson

This is a story we know too well: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for the former while working hard and playing by the rules leads to unemployment and foreclosure for the latter.

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Why the Senate Should Confirm Bernanke But Make the Fed More Accountable, Too

Robert Reich | Posted 09.25.2009 | Business

Read More: Tarp, Federal Bailouts, Fed Chairman, Wall Street, Bailout, Fed, Main Street, Fed Chairman Ben Bernanke, Federal Reserve, Ben Bernanke, Barack Obama, Fed Chair Bernake and US Recession, Business News
Robert Reich

If you'd have asked me three months ago whether Bernanke would be confirmed, I'd have said no. Congress (and much of the public) is still furious about the bank bailouts, as well they should be.

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Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 09.24.2009 | Business

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
Don McNay

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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Saving Small Businesses, The Brooklyn Way

Jim Luce | Posted 09.23.2009 | New York

Read More: Alan Fleishman, Responsible Development, Windsor Terrace, Brooklyn, Cobble Hill, Upper West Side, Emory University, Grant Neumann, Stonewall Democratic Club New York City, Gay, Manhattan, Jonathan Bing, Retail Condos, LGBT Community, Micah Kellner, Gowanus Canal Conservancy, West Village, Gowanus Canal Community Development Corporation, Planned Parenthood New York, Non-Profit Organizations, American University, Gay and Lesbian Victory Fund, Bob Zuckerman, Washington D.C., Fort Greene, Twitter, Atlantic Yards, Jim Owles Liberal Democratic Club, Los Angeles, Barack Obama, Mom and Pop Store, New York City Council, Property Tax Incentive, 39th District, Carroll Gardens, Gowanus Canal, Main Street, Richard Gottfried, Matt Titone, Danny O’Donnell, Kensington, Marty Connor, Retail Condominiums, Long Island Railroad, Deborah Glick, Storefront Space, Dirk McCall., J.D. Degree, Bill Clinton, Anthony Weiner, Economic Stimulus Package, Tom Duane, Brownstones, Alan Gerson, Park Slope, Borough Park, Lambda Independent Democrats Brooklyn, Flatbush, Facebook, Eminent Domain, Harvey Milk, Jewish, New York City, Progressive Brownstone Brooklyn, Carolyn Maloney, New York League of Humane Voters, David Nimmons, San Francisco, Zuck Mobile, Tom Smith, Small Business, Bensonhurst, Eshow, Bangladeshi-Americans, New York News
Jim Luce

Bob Zuckerman does not want to wait for the economic stimulus package to drip down to Brooklyn's quickly emptying storefronts.

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Main Street USA on Roosevelt Island

Nick Carr | Posted 09.20.2009 | New York

Read More: Main Street, Funny Signs, Scoutingny.com, Scouting Ny, Roosevelt Island, New York City, New York News
Nick Carr

Roosevelt Island's Main Street has to be one of the most depressing places in New York City. Lined with ugly, box-shaped brown buildings that block out the sun, it seems to exist in perpetual darkness.

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