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  • cpa38 cpa38 Oct 17, 2008 4:30 PM Flag

    John Allison is an idiot

    John Allison gave a speech this morning blaming the Democrats for the current mess in our economy. Oh really? How is it that the party in the minority in Congress for 6 of the last 8 years was the "cause" of this mess? How is it that Democrats are to blame given that Republicans controlled the White House for the last 8 years? Democrats could get nothing accomplished over the last 8 years without approval of Republican leadership in Congress, and approval of the Republican President. Duh John Allison. Duh.

    This idiot went on to put all our current problems on the doorstep of Fannie Mae and Freddie Mac. Then he spouts off about the need for less regulation. Sheesh, John is lost.

    Poor John, he's clueless as to the impact of the unregulated, $54 Trillion market of weapons of mass destruction like CDS. John thinks it's OK that this market has no regulation at all. He believes that it's OK for Treasury and our Fed to be sitting around without the necessary information to understand who owes what to who and whether sufficient capital exists to make those payments. The unregulated CDS market is THE CENTRAL problem in our financial mess right now. If ONE MORE major company goes under with major amounts of CDS written against their debt ... a chain reaction happens around the world. Every friggin major bank, insurance company in the world goes belly up.

    GET A CLUE JOHN. Fannie and Freddie were the match that lit the fire. The raging FIRE is the CDS market. And more regulation, not less, is the only thing that can save our world wide financial system from this phucking CDS mess brought to us by the laissez-faire Republicans.

    John Allison is a clueless IDIOT. No doubt he's a Republican.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • NEW YORK – Transition officials call it Obama 2.0 — an ambitious effort to transform the president-elect's vast Web operation and database of supporters into a modern new tool to accomplish his goals in the White House. If it works, the new president could have an unprecedented ability to appeal for help from millions of Americans who already favor his ideas, bypassing the news media to pressure Congress.

      "He's built the largest network anyone has ever seen in politics, and congressional Republicans are clueless about the communications shift that has happened," Democratic strategist Joe Trippi proclaims. The results, he says, "will be amazing to watch." By BETH FOUHY, Associated Press Writer


      The Pie in the Sky or Leadership: Nice Guys Finish First 9-Mar-06

      Leadership by Example
      by Jim Citrin
      Friday, February 17, 2006

      Success Defined

      Let's start with a question. What is success?

      Money? Happiness? Status? My definition of success is: To work with people whom you like and respect, in a role that plays to your natural strengths, in an area that you are genuinely interested in.

      When you achieve this blissful state, good things happen. You will challenge and push yourself and grow personally and professionally. You will have a positive impact on your organization and those around you. You will reap appropriate financial rewards. And you will be able to live the lifestyle that meets your most important needs.

      It sounds fairly simple - people, strengths, passions. Of course, it's rather more difficult to achieve. But it can be accomplished by understanding the patterns of success, following role models, committing yourself to the pursuit, working hard, and having patience and perseverance to take concrete steps every day.

      A Surprising Way to Rise

      An important point to underscore is that leadership and success go hand in hand. If you want a fail-safe way to be successful, then don't worry about your own success. Dedicate yourself to making those around you successful.

      This is what we call Benevolent Leadership. Our research has found that among the most extraordinary executives (the top 10 percent of the top 1 percent of all professionals), 90 percent are described as "caring as much about the success of those who work with and for them as their own success." By contrast, only 4 percent of this extraordinary group are described as putting their own success ahead of their peers and subordinates.

      Think about the power of these statistics. Focusing on the success of others will lead directly to your own success. While this may not be the quickest path, it works. It works because you attract the very best people to work with you. All the energy that you dedicate to their success rebounds to you as they, in turn, become committed to your success. In short, you don't claw your way to the top on the backs of others, you are carried to the top on their shoulders.

      To the hundreds of CEOs and top executives with whom we work, this may not seem surprising. But to the average career professional within results-obsessed organizations, nothing could be more counterintuitive. Fifteen years of globalization, hyper-competition, reengineering, downsizing, and layoff after painful layoff have produced a workforce that believes only in survival of the fittest - i.e., if you win, I lose.

      The notion that climbing the career ladder requires competing against, rather than supporting, colleagues is perhaps the most pervasive misconception in the workplace today. It's also dangerous -- stifling productivity and spawning behavior inconsistent with the core values of ethics and integrity.

    • Give credit where credit is due. If JA had followed the footsteps of Wachovia and other large banks our stock would be worth $2 instead of $30+.
      I remember not too many months back some of you posting now were wanting a M or A by WB or some of the other large banks that have crashed.
      Give credit where credit is due. JA may have been the savior of BBT.

    • As a democrat you are certainly entitled to your opinion about John Allison's comments, but for you to call him an idiot makes a good case for you to be called insane. BB&T, under his leadership is one of only a handful of financial institutions worthy of an investment. For those of us who have owned stock in this fine bank for years, we have nothing but admiration and gratitude for his leadership and sound judgement. His political opinions notwithstanding are just that, an opinion. He has his and you have yours.

    • What's even more AMAZING, is you have the majority of Christians supporting this madness. You are so very correct, although I think most responsible Americans will vote for Obama, and he will win in landslide, don't forget to VOTE!!!!

      great post my friend

    • What a yellow belly POS. Get a life. !#$A&%G Socialist.

      Jimmy

    • go suck a left nut

    • I didnt see any names on there for the current financial and housing crisis My point re foley and mahoney was foley resigned mahoney is being defended by dems

    • I think Colin put the icing on Obamas cake this weekend.

    • cpa-are you a cpa. I'll be you help everyone craft deductions that keep that deficit higher.

    • It never ceases to amaze me the classless morons that craft articles in these blogs.
      Criticize if you must, but stop talking like street punk.

    • View More Messages
 
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