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Mcnay

Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011 | Business
Read More: President Obama, Liqour Stores, Community Banks, Bailouts, Jamie Dimon, Robin Hood, What to Do When You Win the Lottery, Paul Volcker, Lawrence Summers, Wal-Mart, Reverse Robin Hood, Gary Rivlin, Harvard, Lexington KY, Broke USA, Richmond Ky, Citibank, Move Your Money Campaign, George Bailey, Wall Street, Dr Lawrene Summers, McNay Settlement Group, JP Morgan Chase, Msfs, Its a Wonderful Life, Payday Lending, Citigroup, Bill Clinton, Lottery, Mcnay, Chfc, Financial Reform, Move Your Money, Kentucky, Don McNay, Barack Obama, Checking Account Fees, Main Street, Clu, Structured Settlements, Financial Reform Bill, Credit Cards, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Casino, Million Dollar Round Table, Eastern Kentucky University, Son of a Son of a Gambler, Banks, Gram Parsons, Glass-Steagall Act, Certified Structured Settlement Consultant, Arianna Huffington, Cssc, Huffington Post, Too Big to Fail, Credit Unions, Business News
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

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Is Being Anti-Goldman Sachs Being Anti-American?

Don McNay | Posted 05.25.2011 | Business
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
Don McNay

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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Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Read More: Elizabeth Warren, Gamblers, Lobbyists, Addictions, Bailouts, Bribery, What to Do When You Win the Lottery, Legislatures, Northern Kentucky, Don Donoher, Donoher Center, Columbus Ohio, University of Dayton Basketball, Consumer Protection Agency, Gary Rivlan, Bill Faith, Dayton Kentucky, Bad Reputation, Wall Street, New York Stock Exchange, Lottery Winners, North Carolina, JP Morgan Chase, Drug Addicts, Citigroup, Mcnay, Ollie McNay, Loan Sharks, Too Big to Fail Banks, Bishop Fenwick High School, Pawnshops, Joe Nocera, Syndicate Wife, Joe McNay, Joan Jett, Tax Refund Modification Loans, Clu, High Interest, Louisville, Jackson Hewitt, Hustlers, Million Dollar Round Table, Son of a Son of a Gambler, Paycheck to Paycheck, Hank Messick, A Piece of the Action, Dayton Ohio, Ohio River, University of Dayton, Frank "Screw" Andrews, Main Street, Entrepreneurs, donmcnay.com, Bank of America, Martin Eakes, Broke USA, Legalized Loan Sharks, Political Fundraising, American College, Personal Finance, Lexington, Covington Kentucky, Msfs, Chfc, Payday Lenders, Short Term Loans, Msm, Kentucky, Don McNay, Nasdaq, Prostitutes, Working Poor, Screw Andrews, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Loan Sharking, Newport Kentucky, Eastern Kentucky University, New York Times, Cssc, Too Big to Fail, Books News
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

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Tearing Up the Lotto Ticket

Don McNay | Posted 05.25.2011 | Business
Read More: Unlimited Wealth, Small Business, Kentucky Guardianship Administrators, Social Security, Tampa, West Virginia, 9/11, Big Money, Powerball, Huntington WVA, Orlando, Jack Whitaker, Take This Job and Shove It, Personal Responsibility, Florida Lotto, 401k, Millard Fuller, Personal Growth, Aarp, Immediate Annuity, Hangers On, American College, Entourage, Personal Finance, Lakeland FLA, Powerball Jack Whitaker, McNay Settlement Group, Msfs, Pension, Structured Settlement, Mcnay, Chfc, Florida Lottery, Retirement, Habitat for Humanity, Eddie Money, Hurricane WVA, Don McNay, Structured Settlement Annuity, Lakeland, Winners Losers and What to Do When You WIn the Lottery, Clu, Americus Ga, Mega Millions, Vanderbilt University, Abraham Shakespeare, Lottery Ticket, Kathy Trant, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Jimmy Carter, Banks, Certified Structured Settlement Consultant, Cssc, Annuity, Posse, Entrepreneur, Personal Debt, 9/11 Widow, Business News
Don McNay

Almost all of us have our own "lotto moment." We make decisions about money that will either give us long term security and happiness or bring on pain and regret.

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Small Town Values in a Big Time Lawyer

Don McNay | Posted 05.25.2011 | 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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We Need Business Leaders Who Know About History

Don McNay | Posted 05.25.2011 | Business
Read More: Structured Settlement, Small Business, Joe Hackett, Current Events, Economic Crisis, Kentucky, Covington Catholic High School, Don McNay, Vanderbilt, Covington Catholic, History, Education, Louisville, Bailout, American History, Business-Leaders, Cincinnati, Million Dollar Round Table, Tim Banker, Education Reform, Teachers, Chester Finn, Personal Finance, Lexington, Covington, Mcnay, Ky, Business News
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.

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