BB&T President Allison Criticizes the Bailout

by James & Miel on September 26, 2008 · 3 comments

Hi All,

You’ve probably gathered by now that both of the authors of this blog are against the proposed Paulson/Bernake wall street “bailout”. Well, we are not alone. Perhaps the prominent critic of the plan from the banking community is John A. Allison, the chairman of Branch Banking and Trust- BB&T. He’s recently taken the extraordinary step of going public with his views in an open letter to congress. His letter is posted here because it outlines several of the most compelling arguments against the bailout from a free market perspective.

There’s been a good amount of media coverage of his statements. (1,2). Below is a screenshot of the first page to get you in the mood. You can see the rest of it here.

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{ 3 comments… read them below or add one }

1 Anonymous March 10, 2010 at 2:00 pm

Not bad article, but I really miss that you didn't express your opinion, but ok you just have different approach

2 Anonymous March 13, 2010 at 7:09 am

I read a article under the same title some time ago, but this articles quality is much, much better. How you do this?

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