John Allison Has It Figured Out
John Allison, the Chairman of BB&T appeared on Bill Bennett's radio program this morning. It was an outstanding interview in an otherwise generally dry show. He explains the financial crisis and what can be done about it, including privatizing the financial system. The financial industry is the most heavily regulated industry and yet it fails. Could the problem be that the government is screwing things up? Here is a great video of John Allison going into greater detail. Hopefully, the Bennett show will post some excerpts.