Last night in London the former head of BB&T Bank John Allison spoke to the Adam Smith Institute about banks, bankruptcy and the problem with our monetary standards being based on bureaucrats. Here he is talking to CNBC after his lecture:
Given that under Allison BB&T grew to become one of America’s most successful banks—and in the financial crisis one of the very few neither needing nor asking for bailouts—there’s lots there for everyone. (Maybe send a link to newly appointed Reserve Bank Governor Graeme Wheeler, who still has much to learn.) Here’s the lecture, on the financial crisis and the philosophy of Ayn Rand:
If you like it, why not pre-order Allison’s new book, The Financial Crisis and the Free Market Cure.
Wow, that is the best speech I have heard on the real moral causes of the global financial crisis.
ReplyDelete