Regular price: $20.97

Free with 30-day trial Membership
Membership details Membership details
  • 30 days of membership free - plus an audiobook, on us.
  • 1 credit a month after trial - good for any title.
  • Easy exchange. Don't love book? swap it for free.
  • Exchange books you don't like
  • After your free trial, Audible is $14.95 a month
OR
In Cart

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 Ratings

Overall

  • 4.6 out of 5.0
  • 5 Stars
    166
  • 4 Stars
    38
  • 3 Stars
    5
  • 2 Stars
    7
  • 1 Stars
    2

Performance

  • 4.6 out of 5.0
  • 5 Stars
    145
  • 4 Stars
    41
  • 3 Stars
    5
  • 2 Stars
    5
  • 1 Stars
    1

Story

  • 4.6 out of 5.0
  • 5 Stars
    148
  • 4 Stars
    34
  • 3 Stars
    4
  • 2 Stars
    7
  • 1 Stars
    2
Sort by:
  • Overall
  • Performance
  • Story

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

  • Overall
  • Performance
  • Story

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

  • Overall
  • Performance
  • Story

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

  • Overall
  • Performance
  • Story
  • Robert
  • Palm Beach, FL, United States
  • 08-19-13

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

  • Overall
  • Performance
  • Story
  • Dr.
  • North Scituate, RI, United States
  • 10-29-12

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

  • Overall
  • Performance
  • Story

What happened that did not make the public relm

I waited a while before reviewing this book. Time often improves perspective. I would say that this is an essential read fro anyone wishing to understand the financial crisis on more than a rudimentary level.

The view of the financial crisis from someone who survived it (very well thank you) John's insight into what caused it and what exacerbated it are probably more first hand than anything else you will read. It makes it very clear that there was plenty of blame to go around both for the regulators (who helped cause the problem) and the banks themselves (whose actions were often unethical). This is a front line report you will learn a lot you probably have not read elsewhere.

Finally the last part of the book contains probably the best discussion of "Business Ethics" that I have read. As someone who had taught the subject at the college level, and as as such has reviewed the standard course material available, John's discussion of ethics is outstanding and should be required reading for any business major. If I were still teaching I would use it as the definitive text on the subject.

  • Overall
  • Performance
  • Story

fantastic book

This is the best and most concise explanation of the underlying causes of the recession I've found so far.

  • Overall
  • Performance
  • Story

A voice of Common Sense and Sanity

The author writes about economics and how free market capitalism is the only moral and just system. But he also discusses life - what a Purpose Driven Life is and why it is important. An excellent read.

  • Overall
  • Performance
  • Story

one of the best books on business

one of the best books written on the stupidity of the liberal progressives government and how doin g nothing is usually better than having Democrats fix things. intelligence like this could never be taught in public school it's to good.

  • Overall
  • Performance
  • Story

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.

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.