Sunday, December 14, 2008

John Allison Interview

The Charlotte Observer just published a short interview with John Allison. The whole thing is good, but I particularly liked this observation:
Market corrections are not all bad; they get rid of irrational and poorly run companies. … The classic example is Citigroup. In my career, this is the third time Citi has failed (and been bailed out), and every time, they've gotten bigger and worse after the fact.


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