John Allison, Chairman BB&T Bank on Stossel; Truth About The T.A.R.P.

I did not want anyone to miss this video from John Stossel’s program about Ayn Rand and Atlas “Shrugged”, so I posting this segment separately.

John’s interview of John Allison, Chairman of the 9th largest bank in America (BB&T Bank) who requires his executives to read “Atlas Shrugged”. BB&T, who even though they had a policy not to make subprime mortgages, and were overcapitalized, were “strongly encouraged” to take T.A.R.P. money and ended up paying approximately $250 million for money they did not originally need to help keep the public in the dark as to which banks were actually sick. What you are about to hear will make you ill.

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5 Responses to John Allison, Chairman BB&T Bank on Stossel; Truth About The T.A.R.P.

  1. Palin Twibe says:

    via @LogisticMonster John Allison, Chairman BB&T Bank on Stossel; Truth About .. http://tinyurl.com/yaogy42 #palin #tcot

  2. clemintine says:

    thanks for posting this. i love to listen to stossel; however, as i don’t get fox business i usually can only catch him when he does guest spots.

    you can watch the entire show here:
    http://www.therightscoop.com/

  3. Link to John Stossel's special on Atlas Shrugged f/t BB&T Chairman John Allison: http://bit.ly/5jrgHI

  4. miles_smit says:

    RT @AmandaCarpenter: Link to John Stossel's special on Atlas Shrugged f/t BB&T Chairman John Allison: http://bit.ly/5jrgHI

  5. Bigdaph says:

    RT @AmandaCarpenter: Link to John Stossel's special on Atlas Shrugged f/t BB&T Chairman John Allison: http://bit.ly/5jrgHI

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A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.

~Pres. Thomas Jefferson~
"The country is headed toward a single and splendid government of an aristocracy founded on banking institutions and moneyed incorporations and if this tendency continues it will be the end of freedom and democracy, the few will be ruling...I hope we shall...crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government to trial and bid defiance to the laws of our country.  I sincerely believe that banking establishments are more dangerous than standing armies."

~Pres. Thomas Jefferson~

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