BB&T CEO John Allison spoke with Fox Business Channel’s John Stossel about how BB&T was forced to take TARP money despite being sufficiently capitalized…
– The Bush-era regulators “kindly informed” BB&T that the capitalization rules would be changed for banks who did not succumb to TARP to levels that even BB&T could not meet.
– Fed chair Ben Bernanke, Time’s “Person of the Year” for being instrumental in the federalization of the economy, didn’t want we the people to realize which banks were in trouble.
Revisions/extensions (8:32 am 1/8/2010) – Had the hat-tip links reversed. OOPS!