While running regional giant BB&T for two decades, John Allison had an insider's view of the factors behind the crisis. A burst of greed wasn't one of them, he says. Nor was deregulation.
"The financial industry was not deregulated, it was misregulated," he asserted.
In his new book, "The Financial Crisis and the Free Market Cure," Allison says at every step of the way, Washington politicians and regulators brought on the crisis and then made things worse during the panic.
Top Banker Confirms 'Misregulation' Caused Crisis, Re-Regulation Worsens - Investors.com
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