Big Think Interview With John Allison | Big Think

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Big Think Interview With John Allison New videos DAILY: https://bigth.ink/youtube Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- A Conversation with the former CEO of BB&T. ---------------------------------------------------------------------------------- John A. Allison: John A. Allison IV is the former CEO of and acting Chairman of BB&T, one of the largest banks in America. Allison was recently named one of the best CEOs of 2008 by MorningStar as his banking principles are largely seen as the reason behind his bank's relative success during the financial crisis. A graduate of the University of North Carolina with an MBA from the Fuqua School of Business at Duke University, he has a wife and three children. ---------------------------------------------------------------------------------- TRANSCRIPT: Question: What bank regulatory mechanisms, if any, might have prevented the crises? (Dan Indiviglio, The Atlantic Business Channel): John Allison: In my opinion, the crisis was primarily created by government policies, specifically the Federal Reserve putting in too much money under Greenspan where we had negative real interest rates for two years. And then Bernanke inverted interest rates, which created terrible pressure on bank margins. We couldn’t have had a bubble in the economy if the Fed hadn’t printed too much money. It ended up in the housing market because of Fredd

Published 2012-04-24 · Watch on YouTube ↗
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