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Tue Aug 21, 2012, 08:41 AM

BB&T Bank gave Millions to Spread Ayn Rand's philosopy by Grants to Colleges & Universities

BB&T Bank gave Millions to Spread Ayn Rand's philosopy by Grants to Colleges & Universities

(Article is a great read about how much money was given by BBT Bank to influence our Colleges and Universities to promote Ayn Rand's philosophy. CATO and Koch brothers also mentioned at end of article )

Ayn Rand, fountainhead of thought for Paul Ryan, now subject of academic boom

RALEIGH Even before GOP presidential hopeful Mitt Romney picked U.S. Rep. Paul Ryan as his running mate, a certain selfish, dead and enduringly controversial novelist already was enjoying an unusual boom in university classes, particularly in North Carolina, thanks to tens of millions of dollars in grants from a Winston-Salem-based bank.

Now Ayn Rand, heartless arch-villain to some, triumphant free-market oracle to others, is under an even larger national spotlight, thanks to her role as economic muse to Ryan. Dozens of stories, blog items and columns on the Rand-Ryan connection have popped up in the past few days, and Twitter has been awash in Rand tweets.
A outspoken atheist, supporter of abortion rights and adulteress, she can seem an unlikely hero for conservatives, at least those most concerned with social issues. Her views on unfettered free markets, limited government and personal responsibility, though – and the way she expressed them – have always been powerful stuff.

Rand has long inspired a dedicated cadre of fans, including John Allison, the former CEO of BB&T. Like Ryan, Allison was known for handing out copies of her popular 1957 polemic novel, “Atlas Shrugged,” to his staff and others.

In recent years BB&T’s charitable foundation awarded grants to dozens of colleges and universities to support teaching about capitalism, in many cases the moral aspects of free-market economics. The requirements often include teaching “Atlas Shrugged.”

In 2008, a spokesman for the bank said it had made 37 grants worth a total of $38 million, according to the Winston-Salem Journal. A spokeswoman for BB&T declined this week to update the totals or name the institutions that have received grants.



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Reply BB&T Bank gave Millions to Spread Ayn Rand's philosopy by Grants to Colleges & Universities (Original post)
KoKo Aug 2012 OP
sinkingfeeling Aug 2012 #1

Response to KoKo (Original post)

Tue Aug 21, 2012, 08:46 AM

1. Disgusting.

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