On Wed, Jun 11, 2014 at 1:58 PM, Charles Brown <[email protected]> wrote:
> Brat is also the director of the school's BB&T Moral Foundations of > Capitalism Program, a bank-branded program intended to give > "free-market principles" -- and Ayn Rand's philosophy of Objectivism > in particular -- a leg up in the classroom. > > > The program was started by the Branch Banking and Trust Company > (BB&T), a North Carolina-based financial services company which > currently boasts $184.7 billion in assets. The ideas behind the > program were laid out in 2012 in an essay written by former BB&T CEO > John Allison. ================= [Fish in a barrel] http://dealbook.nytimes.com/2010/04/04/bbt-whistle-blower-ordered-rehired-in-ponzi-case/?_php=true&_type=blogs&_r=0 BB&T Whistle-Blower Ordered Rehired By DEALBOOK APRIL 4, 2010 2:35 PM 1 Comments The BB&T Corporation must rehire a former company investigator who said she was fired after exposing a $100 million North Carolina development scam, a federal administrative law judge said in a ruling released Friday, according to The Associated Press. The decision, made by Judge Jeffrey Tureck, said the investigator, Amy Stroupe, should be reinstated to her position with back pay because of protection afforded by whistle-blower laws. Cynthia Williams, a BB&T spokeswoman, said the company, a provider of financial services operating primarily in the Southeast, believed the ruling was erroneous and planned to appeal. Investigators say the development, known as the Village of Penland, was a Ponzi scheme, and Judge Tureck said in his ruling that the bank was assisting the fraud by making loans to investors in the community. Five people have pleaded guilty to federal criminal charges in connection with the case. Ms. Stroupe claimed that the company ignored her warnings that the development was fraudulent and that she was subsequently fired. [The new old GOP; libertarian on the outside; public choice rent-seekers on the inside. "Not even five terms in in the Illinois State Legislature - the last vestige of democracy in the 'raw' - nor my terms in the US Congress, prepared me for the villainy of the public choice literature." Judge Abner Mikva. Quoted in "Economics and the Law, Second Edition, by Nicholas Mercuro & Steven Medema, page 182] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
