How Regulation Helped Cause the Housing Crisis (John A. Allison)

Former BB&T Chairman and CEO John A. Allison discusses how mandates like Sarbanes Oxley and the Patriot Act helped cause the housing meltdown and financial crisis. He spoke at the Cato Institute's 29th Annual Monetary Conference held November 16th, 2011.

Category:

News & Politics

Tags:

• John Allison
• Federal reserve
• catoinstitutevideo
• Federal Reserve System
• monetary conference
• Branch Banking & Trust
• mortgage
• housing
• financial crisis
• regulation
• deregulation
• BB&T
• Patriot Act
• Sarbanes Oxley
• Community Reinvestment Act
• USAPATRIOT

[jberragan1]

Excellent video. Regulators control lending standards, central banks control interest rates, yet somehow it's the free market's fault for making stupid loans.

[MagnusIan]

@RealRonPaul Fuck off, troll.

[marktsheppard]

...again... and then to have Conservative-Republican-koo-ko­o-nut... from Alaska... try to be President... and to make terrorist threats towards the people of Iran... and to threaten them with murder... by bombing them to death... and sending-up a radioactive-dust-cloud in to Europe and Asia and Africa... to poison everyone...

[marktsheppard]

...and then to have Conservative-Republics cry for less government intrusion... and less Government oversight... and to have the Government stay-out of corporate-business-interests..­. becase Regulation is bad-for-business... and that it was Regulation and the Governments social-programs that caused the economical-down-turn... where the government is so dumb and so stupid... and they can never do anything right... hmmm... and lets vote for a REAL tough-on-crime-fanatical-Conse­rvative-Republican

[marktsheppard]

...and the same koo-koo-illogical-laws where passed during the war-on-alcohol/prohibition... where the so-called original-logic was TO-HELP bring decency and family-values-to-the-American-­public... and to stop drunkenness and criminality... and this ban-on-alcohol lasted for approximately ten years... yet it had disastrous consequences... and terrible side effects... that back-fired... and the people-at-the-top will continue to "to-help" ...and to have everyone loose faith in their government

[marktsheppard]

...and it's the same as with OSHA-laws... that are there to "help-protect-the-worker" yet will only discourage working construction...or laws that are there to "to-save-the-environment" ...and to over-do-it... and to have nerd-cock-politicians get-stuck-on-stupid with trying to help everyone... and to save-the-environment... and to protect us from the terrorism...

[marktsheppard]

and then later-on... everyone got sick from the "old-re-ground-re-packaged-bad­-beef" ...and to now... to have those same business-con-artists to blame the economical-housing-crisis-impl­osion-catastrophe... at the Social-Programs ...that in Bush-jr's own words... where there to bridge-the-housing-gap amongst those who felt forgotten or left-behind or betrayed by the US-Government... yet the problem is that the people-at-the-top... they know how to ruin-and-destroy any good idea and to discourage

[marktsheppard]

and it's all perspective... where some business-con-artists will blame it on Regulation... or on Deregulation... yet the bottom-line-is... is that that either-way... they made money by claiming to be helping... and reaching out to the poor and the impoverished... and to sight-up anyone-for-a-loan... similar to a crooked-butcher at your local-deli who sells and re-sells re-ground-beef... or a bad dope-dealer who cuts and water-downs his dope... and re-sells fake-dope to another dealer for resale

[jonescomplete]

@R4t10n4L site this fact?

[UTubekookdetector]

LIBERTY: Good vid, TYVM. The black community would be a lot better off if they listened to Sowell & Williams instead of Sharpton & Jackson. Agreed, these govt interventions have been counterproductive.

[H1TMANactual]

@RealRonPaul Aside from the fact that none of what you type is neither clever nor funny, it's just simply sad that someone has no life to make accounts and do this shit.

[emmit127]

@RealRonPaul

So clever