The Honorable John Delaney (D-MD), Congressman, U.S. House of Representatives
Yves Smith, Publisher, Naked Capitalism
Moderated by: Edward Luce, Washington Columnist, Financial Times
Dr. Tyler Cowen
Tyler Cowen is the Holbert C. Harris Professor of Economics at George Mason University. He is the author of numerous books, including The New York Times best-selling The Great Stagnation and his most recent book An Economist Gets Lunch. He writes frequently for many publications including the Sunday Business section of The New York Times. The Economist magazine recently named him one of the most influential economists over the last decade, and in 2011, Bloomberg BusinessWeek dubbed him “America’s hottest economist.” Foreign Policy magazine named him one of its 100 Global Thinkers. The Wall Street Journal called Cowen’s Marginal Revolution the best economics blog in the world.
Congressman John Delaney was elected in 2012 to serve Maryland’s Sixth District, which encompasses portions of the Washington D.C. suburbs of Montgomery and Frederick Counties and all of Washington, Allegany, and Garrett Counties. Delaney is the only former CEO of a publicly traded company serving in the House of Representatives, having done that twice, and brings to Washington an extensive experience as a successful entrepreneur and as a private sector and non-profit leader.
As the son of a union electrician, John grew up in a blue collar household. Scholarships from his father’s union (IBEW Local 164), the American Legion, VFW, and the Lion’s Club, allowed John to attend college. John is a graduate of Columbia University and Georgetown University Law Center. A business builder, Delaney founded two New York Stock Exchange listed companies before the age of 40, and is a past winner of the Ernst & Young Entrepreneur of the Year Award.
John spent his business career starting and running successful companies and helping small businesses grow. John’s companies were both founded in Maryland, CapitalSource, which Delaney launched in 2000 and became a public company in 2003, lent money to thousands of small businesses around the country and has been recognized by the Treasury Department for lending to disadvantaged communities while also receiving numerous awards as one of the best places to work in the Washington D.C. region. John is Chairman Emeritus of CapitalSource. Prior to CapitalSource, he founded HealthCare Financial Partners, a successful company that was started in 1993 and became a public company in 1996.
John and his wife April-McClain Delaney have made community service a priority, especially in the field of education, the provision of core services, and issues effecting children. They are generous supporters of the public interest law initiatives at Georgetown University Law Center, where they endowed the Delaney Family Professorship in Public Interest Law and have funded significant scholarships for student’s interest in public service. John is a member of the Board of Directors of Georgetown University and the National Symphony Orchestra, was the past Chairman of the Board at St. Patrick’s Episcopal Day School and was a past member of the Board of Directors for the International Center for Research on Women.
April is an attorney and an education and children’s advocate in the non-profit sector. April currently serves as the Washington Director for Common Sense Media, a non-profit dedicated to educating families on social media, technology, and digital literacy. The Delaneys are members of the Little Flower Catholic Church in Bethesda, Maryland, and have been longtime supporters of Catholic Charities. John and April have four daughters and live in Montgomery County.
Congressman Delaney’s primary focus in office is to restore our nation’s economic competitiveness so that we can have a strong middle class, raise our standard of living, and expand the number of good jobs available to Americans. In 2011, Delaney founded Blueprint Maryland, a non-profit dedicated to invigorating Maryland’s private sector. Blueprint Maryland gathered businesspeople, educators, labor representatives, and policy experts together to chart a way towards a high-tech, high-information, economy.
Edward Luce is the Washington columnist and commentator for the Financial Times. He writes a weekly column, FT's leaders/editorials on American politics and the economy and other articles.
Yves Smith has written the popular and trenchant financial blog "Naked Capitalism" since 2006. Yves has spent more than 25 years in the financial services industry and currently heads Aurora Advisors, a New York-based management consulting firm specializing in corporate finance advisory and financial services. Prior experience includes Goldman Sachs (in corporate finance), McKinsey & Co., and Sumitomo Bank (as head of mergers and acquisitions). Yves has written for publications in the United States and Australia, including The New York Times, The Christian Science Monitor, Slate, The Conference Board Review, Institutional Investor, The Daily Deal and the Australian Financial Review. Yves is a graduate of Harvard College and Harvard Business School.