John Allison at Cato
FORMER CEO at BB&T Bank, John Allison, is now heading up the Cato Institute. BB&T, lead by Allison, was one of very few banks that didn’t succumb to the government-induced incentive to originate mortgages to people who couldn’t really afford them (sub-prime), and hence came through the GFC relatively unscathed. The BB&T Philosophy, thanks to…