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The Financial Crisis and the Free Market Cure Audiobook

The Financial Crisis and the Free Market Cure: Why Pure Capitalism Is the World Economy’s Only Hope

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Publisher's Summary

Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the financial industry? Can we lower unemployment rates by controlling the free market? Answer: no. Not only is free-market capitalism good for the economy, it is our only hope for recovery. As the nation’s longest-serving CEO of one of the top 25 financial institutions, John Allison has had a unique inside view of the events leading up to the financial crisis. He has seen what the government has done to the real estate market and how government regulations only make matters worse. Now in this controversial wake-up call of a book, he has given us a solution.

With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. In the end, you’ll understand why it’s so important to put the “free” back into free market.

About the author: John Allison is the former chairman and CEO of Branch Banking & Trust Corporation. He currently serves as a distinguished professor at the Wake Forest University School of Business. He is an inductee of the North Carolina Business Hall of Fame.

©2012 John Allison (P)2012 Blackstone Audio, Inc.

What Members Say

Average Customer Rating

4.7 (193 )
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Performance
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  •  
    Jack Benadon LA, CA 09-13-13
    Jack Benadon LA, CA 09-13-13 Listener Since 2007
    HELPFUL VOTES
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    "Banking Info Excellent"
    Would you listen to The Financial Crisis and the Free Market Cure again? Why?

    No--most of it was informative and interesting but he ended up talking about his other views, outside of banking, which were a bit weird


    Would you be willing to try another book from John Allison? Why or why not?

    NO--the banking part was interesting, even when he talked about his own bank, but the rest was boring


    Any additional comments?

    Most of the book was interesting, but seemed to be poorly edited, especially at the end. At one point the author pointed to poor education for minorities (when talking about minimum wage problems) and said that they could not get jobs so they ended up dealing drugs and then got thrown into jail. This should have been edited out or modified because it sounded very strange.

    4 of 5 people found this review helpful
  •  
    Carol C. Buchalter 07-31-16
    HELPFUL VOTES
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    "Authoritative, Curmudgeonly and Randian"

    The former CEO of one of the few banks that did not need the TARP bailout explains the ways banks and banking regulators failed to protect the rest of us from, and actually caused, the crash of 2008. A fascinating insider's viewpoint on US banking. Quite, quite obvious the author is a big fan of Ayn Rand, long before he said so himself.

    1 of 1 people found this review helpful
  •  
    Will 10-11-12
    Will 10-11-12 Member Since 2017
    HELPFUL VOTES
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    "Best analysis of the Financial Crisis"

    A lot has been written about the Financial Crisis, but nothing comes closer to an analysis of all the factors and their relative contribution to the crisis. What is more, John Allison's book is easy to understand for anyone, with or without a background in finance, and offers the necessary solutions to prevent a recurrence.

    You will be surprised to learn that the top 3 culprits aren't the ones touted by the pols and the media, but if you really think it through, you'll agree.

    7 of 11 people found this review helpful
  •  
    Robert Palm Beach, FL, United States 08-19-13
    Robert Palm Beach, FL, United States 08-19-13 Member Since 2012
    HELPFUL VOTES
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    "Profoundly insightful analysis"
    What did you love best about The Financial Crisis and the Free Market Cure?

    The insight and analysis of the author. Also his deep understanding of economics and free market dynamics.


    Who was your favorite character and why?

    N/A


    What does Alan Sklar bring to the story that you wouldn’t experience if you just read the book?

    Superb intonation and measured narration.


    Did you have an extreme reaction to this book? Did it make you laugh or cry?

    I bought 16 copies to send to friends and associates!


    Any additional comments?

    An incredibly good analysis of why free markets are the solution to economic stagnation and abuse. Our government has become so corrupted by special interests, on both sides of the aisle, that the true value of capitalism is being suffocated. The ignorance of basic economics by the masses adds to the problem.

    2 of 3 people found this review helpful
  •  
    Dr. North Scituate, RI, United States 10-29-12
    Dr. North Scituate, RI, United States 10-29-12
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    "Excellent"
    Would you recommend this audiobook to a friend? If so, why?

    (I am not Ellen. I am her assistant.) Yes. Excellent job of presenting a complex subject to both a lay audience and a reader having a professional interest in the subject.


    2 of 3 people found this review helpful
  •  
    Abdelhamid S. Abdou 04-23-17
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    "The financial crisis and the free market cure"

    In this book, John Allison the former BB&T CEO explains the reasons for the financial crisis of 2007-2008: Government intervention and support for Cronies such as Fannie Mae and Freddy Mac. He provides hid perspective a responsible bank CEO that saw all the distortions the government created to support fancy political goals of expanding home ownership. Every government action is usually a scheme to buy the votes of some sector of the electorate and this book provides some history into that. He goes over several aspects of the financial system and explains the history of government intervention and the bad incentives it added to the system.

    He also explains the cure of true free market where everyone is left to pursue his goals as long as he doesn't use coercion against other. Mr. Allison demonstrates how a combination of pragmatism and misguided altruism drove us away from the principles that this country was built on such as liberty and limited government towards statism and redistribution. He correctly advocates for the return to these founding principles through education.

    0 of 0 people found this review helpful
  •  
    J. Maxon Adams, NY 03-03-17
    J. Maxon Adams, NY 03-03-17 Member Since 2016
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    "Fantastic defense of the Free Market"

    John Allison knows better than anybody what caused the Bush/Obama financial meltdown. Government interference and short-sighted crony capitalism.

    It's a good listen.

    0 of 0 people found this review helpful
  •  
    Fred Denver, CO 02-14-17
    Fred Denver, CO 02-14-17 Member Since 2014

    Randy

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    "Our future depends on this!"

    A great explanation and a very deep look into why we should all care about the causes and what is yet to come if changes aren't made!

    0 of 0 people found this review helpful
  •  
    Nate noyd 09-06-16
    Nate noyd 09-06-16
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    "This is the book America needs!"

    I highly recommend this book. It's just the prescription for how to dig ourselves out of the current financial crisis. The failed policies of government control need to be done away with once and for all. Great book with great ideas.

    0 of 0 people found this review helpful
  •  
    Paul Frew Vancouver, BC 07-20-16
    Paul Frew Vancouver, BC 07-20-16 Member Since 2015

    Surfer, musician, business coach, healthcare facilities management director.

    HELPFUL VOTES
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    "Fantastic Insider Perspective"

    Really great book. Fresh information and perspective on the financial crisis. Good solid solutions. Great narration.

    0 of 0 people found this review helpful

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