Final event from 'Capitalism Awareness Week' about to begin. BB&T's John AllisonSubmitted by emazur on Tue, 10/04/2011 - 19:53
I've seen 2 of the other 4 events and they were excellent. John Allison begins at 8:00 pm Eastern and will discuss the origins of the financial crisis
The Financial Crisis: Causes, Consequences and Cures
John Allison, Former Chairman and CEO, BB&T Corporation
The cause of the recent financial crisis and subsequent economic downturn has been hotly debated over the last few years. The media, politicians, and even many businessmen have placed the blame on the supposed excesses of free-market capitalism. In this lecture, John Allison, former Chairman and CEO of BB&T, argues that this crisis is in fact a legacy of government's anti-capitalist policies.
Mr. Allison presents his unique perspective of the financial services industry to support his argument that massive government intervention into the U.S. economy.from the creation of the Federal Reserve in 1913 to a reckless crusade to encourage home-ownership—laid the groundwork for an unsustainable real estate boom. He offers his views on what contributed to the financial crisis and how the government's response to the inevitable bust—a frenzied series of bailouts, nationalizations, and "stimulus" efforts—is only making things worse.
Finally, Mr. Allison discusses some of his proposed immediate and long-term solutions for moving us towards a stronger economy. Mr. Allison will demonstrate that capitalism, far from being the cause of our financial troubles, is its only cure.
Tuesday, October 4th
5:00 PM Pacific, 6:00 PM Mountain, 7:00 PM Central, 8:00 PM Eastern
North Carolina State University and live streamed online worldwide