Entries Tagged as 'John Allison'

Randian Bankers Are Great Accountants

December 6th, 2011 at 3:42 pm 35 Comments

Noah asks in his post whether one could trust a Randian banker.

By coincidence, I read Noah’s post on John Allison while I was in the middle of reading Donald Luskin’s through-the-looking-glass book on the characters that allegedly either contributed to or didn’t contribute to the financial crisis: I Am John Galt. It has a whole chapter on Mr. Allison and his leadership at BB&T, and how his Objectivist philosophy informed its policies.

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Would You Trust a Randian Banker?

December 5th, 2011 at 12:00 pm 42 Comments

Conservatives give a lot of deference to the opinions of business leaders and other ‘job creators’. The operating assumption is that their criticisms of White House policies are accurate and well informed. What if this assumption is largely off-base?

Consider this roundtable hosted on CNBC between Austan Goolsbee, the former Chairman of the Council of Economic Advisers, and several business executives. Pay close attention to the arguments made by John Allison, former CEO of the bank BB&T:

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