An Enlightening Talk on Finance

If I were a benevolent dictator and was choosing the US Treasury Secretary, my choice would have been John Allison hands down. He was CEO of BB&T bank and they made it through the crisis unscathed. Their competitors failed. There was mostly really terrible reporting on the financial crisis. In the aftermath, there was really bad reporting again. The reason, most people in the world truly don’t understand finance. Back in 2008, there were a lot of people in finance that thought they understood it but clearly some didn’t.

This three part video is from 2011 and it’s segmented into roughly 30 minute blocks. Allison is tremendous and it will give you and education. At the end, you should be able to think a bit more critically about legislation like Dodd-Frank.

Part 1

Part 2

Part 3

One thing to remember. There are a lot of people out there that think our government is being hijacked by Trump. But, the truth is that the larger government is, the easier it is to hijack.