So – do you have 1 hour to spare?

If you do, and want to get your arms around what really caused the mess we’re in, go watch this lecture.

The speaker is John Allison, until recently the CEO of BB&T, a bank that has weathered this storm far better than most (not that they haven’t been impacted – they’ve had their share of difficulties too).

He is also a forceful advocate for Capitalism. As he points out, it’s simply irrational to call our current banking crisis a “crisis of capitalism” when the crisis is occurring in the sector of our economy that is the most heavily regulated and controlled. His is a much needed voice to counter the attacks on free markets that have been so much in vogue lately.

If you have the time, go watch the video – I promise you’ll be better informed as a result.

Filed under: Objectivism