In response to:

Our Government-Created Financial Crisis

Parsons Wrote: Dec 12, 2012 1:43 AM
A banker should not rewrite history. We all know the banks misled with the quality of the securities sold to Fannie, Freddie and investors worldwide. There are many lawsuits and mortgage "putbacks" demands. This fraud in the sale of securities was the cause of the worst financial crisis ever. We want a trial to the banks' top executives and the big banks broken up into a dozen pieces.

Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you'd have to be a lunatic to do that!" But that's precisely what we've done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison's new book, "The Financial Crisis and the Free Market Cure."

Allison is the former CEO of Branch Banking and Trust, the nation's 10th largest bank. He assembles...