The Financial Crisis and the Free Market Cure

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John A Allison is the longest serving CEO of a top 25 financial institution, having served as Chairman of BBT for twenty years He currently serves as President and CEO of the Cato Institute and as a distinguished professor at the Wake Forest University Schools of Business He is also one of the lead spokespersons for banking and policy reform today, appearing at universities and business groups nationwide and serving on the board of directors of the Ayn Rand Institute He received a Lifetime Achievement Award from American Banker and was named one of the decade s top 100 most successful CEOs by Harvard Business Review. Read The Financial Crisis and the Free Market Cure – kino-fada.fr This is one great book.There are so many misconceptions of what caused the 2008 financial crisis, great recession and subsequent long, drawn out recovery that are carefully skewered in this book and alternatives made clear, that I hardly know where to begin.So I will give you a list of just some of the key elements in the financial tragedy, that were totally preventable, if sound economic policy, as explained in the book, were understood and followed Too loose, then too tight monetary poli This is one great book.There are so many misconceptions of what caused the 2008 financial crisis, great recession and subsequent long, drawn out recovery that are carefully skewered in this book and alternatives made clear, that I hardly know where to begin.So I will give you a list of just some of the key elements in the financial tragedy, that were totally preventable, if sound economic policy, as explained in the book, were understood and followed Too loose, then too tight monetary policy culprit The Federal Reserve Board Moral hazard for banks culprit FDIC Federal housing policies subsidies culprit various government agencies, Congressmen Presidency Rating agency oligopoly and change in payments structure culprit Federal government agencies policies Massive Government p...rating 3.6 5This book provides a great discussion on the topics of regulation and how politics and naive intentions influence banking It s great to read an insider s view of what went wrong in the banking industry during the crisis Allison was a super successful banker who also studied a lot on the topic of free enterprise and capitalism His criticisms of the industry are very insightful, even if too simplified at times I specially enjoyed the real life examples of how regulation distorted rating 3.6 5This book provides a great discussion on the topics of regul...The Financial Crisis and the Free Market Cure How Destructive Banking Reform Is Killing the Economyby John A Allison 2013 McGraw Hill a short book report by Ron HousleyI had the good fortune to hear John Allison deliver a lecture several years ago and I was stunned by the scope and detail he was able to bring together into one unified talk.He establishes his credibility right out of the shute by deftly integrating varying aspects of his subject into a readily understandable whole He h The Financial Crisis and the Free Market Cure How Destructive Banking Reform Is Killing the Economyby John A Allison 2013 McGraw Hill a short book report by Ron HousleyI had the good fortune to hear John Allison deliver a lecture several years ago and I was stunned by the scope and detail he was able to bring together into one unified talk.He establishes ...This book was written by John Allison, who served as the CEO of BBT Bank for many years, and helped that company to grow into one of the largest and most successful financial institutions in the country His knowledge, insights and years of experience working within the financial industry and with the government agencies, politicians and bureaucrats form a solid basis from which he lays out a clear and compelling case for the causes of the financial crisis and following Great Recession.Alth This book was written by John Allison, who served as the CEO of BBT Bank for many years, and helped that company to grow into one of the largest and most successful financial institutions in the country His knowledge, insights and years of experience working within the financial industry and with the government agencies, politicians and bureaucrats form a solid basis from which he lays out a clear and compelling case for the causes of the financial crisis and following Great Recession.Although I had a couple of minor issues with the book being not a financial person myself, a little bit better explanation of certain financial terms would have been nice in a couple of places, and there were a number of typos , overall I was extremely impressed with Allison s clear explanations of various aspects of the financial industry, including the use of good, sim...I read 90% of thefree sample which I think is enough to review the book, based on the author s main idea as stated in the first chapter and what he blatantly left out Based on what I read, very early in the book the author basically blames the entire financial crisis on the US Government I admit that the US Government has done some really stupid and harmful things and is still doing such things, and in fact nearly all of the stupid and harmful federal laws are still on the bo...It was a decent read but got a little meandering and unfocused at about 2 3 in If you re looking for a great technical analysis of what happened, I recommend Meltdown by Thomas Woods.Allison s garbled and rambling prose, frequent non sequiturs, and maddening red herrings get pretty grating after about two chapters As someone who isn t all that savvy about intricate financial systems and derivatives and what not, his frustratingly confused and jerky writing style really detracted from my understanding of his arguments I get that Allison is discussing complex issues and is trying to boil these issues down for the layman, but you can t really do that effectively if your writi Allison s garbled and rambling prose, frequent non sequiturs, and maddening red herrings get pretty grating after about two chapters As someone who isn t all that savvy about intricate financial systems and derivatives and what not, his frustratingly confused and je...The book does a very good job in explaining the advantages of the free market model, as opposed to crony capitalism Goldman, Citi, et al It dispels a lot of myths related to the supposed deregulation of the financial markets On the contrary finance and banking are one of the most regulated industries in Western Europe and the US And indeed it was regulation and state intervention that caused the Great Recession I am giving it 4 5, because the author has the unfortunate tendency to g The book does a very good job in explaining the advantages of the free market model, as opposed to crony capitalism Goldman, Citi, et al It dispels a lot of myths related to the sup...Overall a decent book I found there was too much emphasis on anecdotal evidence, and particularly with Mr Allison s experience as chairman of BBT it often felt self congratulatory rather than persuasive I also think he went too far in his use of the economic definition of investment and the conclusions drawn from that, and I did not think the chapter at the end regarding his philosophical views was relevant That said, I don t disagree with most of his conclusions and arguments and t Overall a decent book I found there was too much emphasis on anecdotal evidence, and particularly with Mr Allison s experience as chairman of BBT it often felt self congratulatory rather than persuasive I a...John Allison does an impressive job of explaining the complex issues surrounding the United States financial crisis He uses everyday examples to help explain banking, the monetary system, and how politics have come to play such an enormous role in what used to be a free ma...

The Financial Crisis and the Free Market Cure
  • English
  • 18 January 2017
  • Audio CD
  • 1470846055
  • John A. Allison
  • The Financial Crisis and the Free Market Cure