Good banks, bad banks

Reader comment on: Nocera on M&T

Submitted by Harry Binswanger (United States), May 31, 2011 18:30

Interesting that the Times didn't cover BB&T, whose just-retired CEO, John A. Allison is a famous defender of capitalism. Under Allison's reign, BB&T grew 600-fold (from $250 million to $150 billion).

Allison was indeed forced, by threat of banking "examination" that was sure, he was told, to find big "problems," to take TARP money. A good account of all this is in "I am John Galt," by Donald Luskin and Andrew Greta.

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