Critique of the Bailout, From A Banker

From John Allison, CEO of BB&T  (via TJIC).  Here is a taste:


Download bailout_critique.pdf



  1. Scott:

    Well known Objectivist banker. Check the covers of the BB&T annual reports. Many from gallery.

  2. Scott:

    Unfortunately, the libertarian solution shouldn't be what he proposes. He says that to balance supply and demand, the government should buy the excess housing inventory. A more libertarian solution would be to grant citizenship to whoever buys a house in the next 90 days. End of problem. This solution can be tweeked (PhDs only?), but it would work fast.

  3. Rob:

    Interesting idea Scott, but will these foreigners be buying homes with cash or with a loan.

    I think a loan might be hard to grant since most foreigners lack an established credit history. My manager from France bought a house in the USA with cash, because he couldn't get a home loan. He also can't even convince his bank to give him a $1000 line of credit (to help build a credit history), even though he has tons of cash in that same bank and has plenty of collateral (like his house) which he can't take with him, if he decided to flee the country.

  4. David Johnson:

    Sorry, but the libertarian solution is to do nothing and let the market correct.

    p.s. Actually there is something government can do. It can stop manipulating the money supply and roll back half the banking regulations.

  5. Payday Loan Advocate:

    The short term financial assistance that payday lenders offer, often are one of the fastest and safest ways out of a sticky financial situation if used responsibly. Unfortunately, people of somewhat political importance don’t see it this way, probably because they have never been in a situation that would require a little help from the payday loan industry. These bipartisan efforts to outlaw the entire industry just go to show how detached they are from real Americans. Get educated on the facts today and exercise your right to financial freedom on November 4th.

    Post Courtesy of Personal Money Store
    Professional Blogging Team
    Feed Back: 1-866-641-3406

  6. Payday Loan Advocate:

    Franklin Delano Roosevelt was President of the United States in 1932 as the country was twirling into a severe recession. Is the U.S. better off today than it was back then? FDR’s “New Deal” economic policies radically reformed the way the U.S. Economy works. The government’s role in the economy evolved to a dire extent that America had never seen. In the policies of Roosevelt’s short – term loan that provided the country with a needed lift. On the other hand, it can also be argued that his policies have left long-term damage to the country. Paul Rubin gave his opinion on a Wall Street Journal article, suggesting that while our current state of the U.S. economy is not in the same state it was in 1932, both share many of the same aspects: stock market in a whirlwind, credit markets locking down and Sen. Barack Obama, a Democratic presidential candidate running on a platform that will put increased government regulations in place and into problem areas like the economy. Supporters of the free market economy are concerned that Obama’s governmental “hand-on” policies will not provide the long-term direction that the American economy so desperately needs. Of those who support the standards of the free-market system will no doubt say we are in for the same economic disaster as it was back in 1932.
    Since that at presently the economic status of the country is not so good at they are thinking off. Sometimes we they could notice that there are some areas that they much more giving their attention is some cases but what is more important at presently to survive the country in the economic distress that they are take in.
    Post Courtesy of Personal Money Store
    Professional Blogging Team
    Feed Back: 1-866-641-3406

  7. Olivia Taylor:

    One Bad Thing Today Some people will not agree online payday lending not safe but we have seen last year at UK There also Ban online payday loans 2014 its a political drams but these ban will reflect lakes of Small And Medium Organization will got huge loss and this bypass problem also shows those effect on present government so they also Re Lunch online lending last 1 Nov 2016 so don't play game on online lending plot forms. its a safe way to give better life to lacks of people and thousands of families so if you want start SME for need cash visit there provide SME loans up to 1000Dollers so visit and get and start your SME its your Right. Don't Wast Your time Don't involve politics also, its all are trash games.

  8. Olivia Taylor:

    We are providing Leading USA Payday loans with fast cash and secure instant payout so if you need our payday loans simply visit our official payday loans providing site and then apply there more visit