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John Carney



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3Vote!

One FG, five XPs for Carney

Saints PK John Carney hit a 38-yard field goal and five extra points in Week 11 against the Buccaneers.

3Vote!

More on John Carney and DelaWind

... but a few grumpy souls like state senator Joe Booth and Dave Burris are complaining because of John Carney's involvement in the project. Booth is remarkably sanguine about the 600+ jobs the venture would create. Carney shows more of a sense of urgency: "Somebody's got to make them. Are they going to make them here in Delaware? Are they going to make them in Maryland, in...

+Vote!

How to live with a financially illiterate population

John Carney is right: a very large number of Americans is always going to be financially illiterate, and there's nothing we can do about it. Indeed, if we try too hard to do something about improving financial literacy, there's a good chance we'll only end up creating a new cohort of overconfident financial illiterates who think they understand things when they don't. This is why we need...

+Vote!

A Little More on Consumer Finances

As a last followup before vacation to the previous post. Financial Literacy Do check out John Carney’s Sorry America: You’re Probably Doomed To Financial Illiteracy. He links to an older post by Matthew Yglesias pointing out that one problem with financial illiteracy is illiteracy – if people have terrible reading comprehension and can’t do basic [...]

+Vote!

Congressman Proposes Tax On All Wall Street Trades

... for the U.S. and Pelosi agrees. She says a tax on transactions would need international support. John Carney has a bunch of reasons why the tax just will not work. The upside of a tax on trades would be the yearly $150 billion it plans to raise to reduce the deficit and fund a "Job Creation Reserve." Unfortunately, it's not practical for the government to create any kind...

+Vote!

What The Heck Is A Wall Street Job?

John Carney has a slideshow that explains it all.

+Vote!

Where to get 50x leverage on stock indices

... days.” A stunning 5% thought they already owned them. Only 30% of respondents got the humor. John Carney picked up the datapoint in a blog entry headlined “Is It Possible To Invent An Investment Product Too Stupid To Find Buyers'” — something I then tweeted . What none of us appreciated, however, is that products much like these already exist . As Amy Nauiokas...

+Vote!

Weekly Wrap: Trouble in housing?

Fortune Magazine Leigh Gallagher, and Clusterstock.com's John Carney talk with Kai Ryssdal about how much trouble our housing market is still in, and whether calls for Treasury Secretary Geithner's resignation are justified.

3Vote!

The AIG Bailout Is Still A Mystery Shrouded In Lies

Posted on the Business Insider by John Carney: Will we ever know why AIG was bailed out and why its credit default swap counterparties were made whole? When AIG first began to ask for a bridge loan from the Federal Reserve, the public was told that AIG wanted additional "liquidity" to avoid a ratings downgrade. This implied that AIG's problem was relatively modest, related only...