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Topic - John A. Allison
President Obama outright demagogued his way to re-election and more government control over the economy by blaming the free market for the 2008 financial crisis. Now the administration is pushing banks to make more home loans to borrowers with weaker credit by using government programs to insure them against default, at a time when the federal government is already underwriting 90 percent of mortgages.
John A. Allison is the former chairman and CEO of BB&T Corporation, where he started working in 1971. Under Mr. Allison's leadership, BB&T grew from $4.5 billion in assets to $152 billion, becoming America's 10th largest financial services company and earning the bank's chairman a spot on Harvard Business Review's list of top 100 most successful CEOs in the world.