Just when you thought that there was pretty much only bad news about the Kelo v. New London decision, a company comes along and says that they won't aid and abet those who want to use the power of local governments to deny average citizens their hard-earned property rights. If I were looking for a new bank, I'd actually give strong consideration to opening a new bank account with BB&T and leaving some money in there just as a way to show my appreciation for taking such a principled stance on this incredibly evil Supreme Court ruling.
In an unusual move, BB&T Corp. said Wednesday it will not lend money for commercial projects on land seized by the government through an exercise of eminent domain.
Banks rarely restrict lending for philosophical reasons, but the Winston-Salem bank said it wanted to publicly oppose a widely reviled Supreme Court ruling in June that allowed such seizures.
"The idea that a citizen's property can be taken by the government solely for private use is extremely misguided, in fact it's just plain wrong," Chief Executive John Allison said in a statement.
You know, since they actually put up money to teach people that Capitalism is something other than the simplistic Marxist explanation of "the rich exploit the poor," I might have to consider opening a savings account with them at some point and leaving some money there as a rainy day fund. The fact that Wachovia, Bank of America and others won't at least come out and condemn bad eminent domain seizures of private property is troubling because it invariably means that they want part of the action.
Have you ever wonderered what will happen if you aprrouch this with different mindset ? I mean it all about that! How you feel detetmines EVERYTHING..