Friday, January 27, 2006
Loan Gunman
Kudos to BB&T CEO John Allison and his executive team for just saying NO to eminent domain abuse.
NEW YORK -(Dow Jones)- BB&T Corp. (BBT), inserting itself into a controversial public-policy debate, said it won't finance private development projects that take place on land that the government has seized from citizens through eminent domain.
"The idea that a citizen's property can be taken by the government solely for
private use is extremely misguided [and] just plain wrong," BB&T Chief
Executive John Allison said in a statement.
Seriously, I had already been thinking of switching all my banking to BB&T after discovering the bank's philosophy some time ago. I will be visiting my local branch this Saturday to start the ball rolling.
NEW YORK -(Dow Jones)- BB&T Corp. (BBT), inserting itself into a controversial public-policy debate, said it won't finance private development projects that take place on land that the government has seized from citizens through eminent domain.
"The idea that a citizen's property can be taken by the government solely for
private use is extremely misguided [and] just plain wrong," BB&T Chief
Executive John Allison said in a statement.
Seriously, I had already been thinking of switching all my banking to BB&T after discovering the bank's philosophy some time ago. I will be visiting my local branch this Saturday to start the ball rolling.
