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Articles about the work of John Carney

Soros's Green Energy Fund
futureofcapitalism.com

George Soros has hired Cathy Zoi, who was President Obama's Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy, to run a fund investing in green energy. More private sector job creation!

Timothy Carney has details, as does John Carney.

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Where Are The Tax Cutters
futureofcapitalism.com

John Carney has a provocative post up at CNBC under the headline, "Where Are the Tax Cutters?" He writes, "The Republicans, which were once the Grand Old Party of tax cuts and growth, have become the 'hold the line' party, arguing that taxes should be kept at current levels and borrowing reduced. Spending cuts are an after-thought, something made necessary by the urgently felt desire to reduce deficits. Tax cuts aren't even on the table."

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Fannie Mae and Property Rights
futureofcapitalism.com

John Carney reports in the Wall Street Journal's "Heard on the Street" column:

Fannie Mae isn't the immensely profitable company some of its biggest investors hoped it would be.
Despite a sizable increase in the fees Fannie charges for its mortgage guarantees, the company on Friday reported fourth-quarter net income of $1.3 billion, down 80% from a year earlier. Revenue fell 21% to $5.5 billion...

the results severely undercut the argument that a 2012 change to the company's bailout, which allows the government to sweep substantially all of Fannie's profits, amounts to an illegal expropriation. In fact, Fannie's quarterly payout to the Treasury would have been about $1 billion higher under the bailout's original terms. And to date, the internal rate of return to the Treasury on the bailout of Fannie is an unimpressive 5.6%.

Read More...


Fannie Mae and Property Rights
futureofcapitalism.com

John Carney reports in the Wall Street Journal's "Heard on the Street" column:

Fannie Mae isn't the immensely profitable company some of its biggest investors hoped it would be.
Despite a sizable increase in the fees Fannie charges for its mortgage guarantees, the company on Friday reported fourth-quarter net income of $1.3 billion, down 80% from a year earlier. Revenue fell 21% to $5.5 billion...

the results severely undercut the argument that a 2012 change to the company's bailout, which allows the government to sweep substantially all of Fannie's profits, amounts to an illegal expropriation. In fact, Fannie's quarterly payout to the Treasury would have been about $1 billion higher under the bailout's original terms. And to date, the internal rate of return to the Treasury on the bailout of Fannie is an unimpressive 5.6%.

Read More...


Where Are The Tax Cutters
futureofcapitalism.com

John Carney has a provocative post up at CNBC under the headline, "Where Are the Tax Cutters?" He writes, "The Republicans, which were once the Grand Old Party of tax cuts and growth, have become the 'hold the line' party, arguing that taxes should be kept at current levels and borrowing reduced. Spending cuts are an after-thought, something made necessary by the urgently felt desire to reduce deficits. Tax cuts aren't even on the table."

Read More...


Soros's Green Energy Fund
futureofcapitalism.com

George Soros has hired Cathy Zoi, who was President Obama's Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy, to run a fund investing in green energy. More private sector job creation!

Timothy Carney has details, as does John Carney.

Read More...


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John Carney

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