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.