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.
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.
For years I had known the government and irresponsible people were the cause of the financial meltdown; I just never knew the details. Such a great explanation and history of events by someone who has been there and come out the other side. Cynics and conspiracists will most likely say this book is propaganda, but they are just socialist like Obama. If you want businesses to compete and grow, leave them alone and let them fend for themselves. The market (the people of the United States) will determine who succeeds and who fails.
People looking for basic information about the recent financial crises who do not know much about it and have limited knowledge of business workings
Great book for beginners. Author is former CEO of BB&T so he certainly has a leaning towards defending the bankers/corporate world and demonizing the government. Not to say he is not right on 99% of what he discusses but I wouldn't call it a completely objective assessment of everything
Yes. Allison does a good job clearly explaining the pro & cons of two economic ideologies (Socialism and Capitalism) providing the reader with an understanding or education to see the political and social events playing out in our nation
I have not read the print version. The audio version is outstanding.
Not applicable. This is a history.
The audio book allows reading when it is impossible to access the text version.
When Allison describes the ultimatum given by Paulson regarding TARP funds, I knew the federal government was committing an un-Constitutional act.
(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.
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