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BB&T won't lend for seized land (through eminent domain)
The Charlotte Observer ^
| Jan. 25, 2006
| Amin Applebaum
Posted on 01/25/2006 1:09:08 PM PST by Between the Lines
Taking an unusual stand, BB&T Corp. said Wednesday that it will not lend money for commercial projects on land seized by the government through eminent domain.
The company, based in Winston-Salem, said it wanted to publicize its opposition to a June Supreme Court ruling that such seizures are legal. Traditionally, eminent domain seizures had been restricted to land needed for public purposes.
"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.
BB&T, the nation's ninth-largest bank, expressed hope that state legislatures and Congress would rewrite the law, barring such seizures in the future. In the meantime, the company said it would forego any revenues it might realize by lending for such projects.
TOPICS: News/Current Events; US: North Carolina
KEYWORDS: bank; banking; banks; bbandt; bbt; courage; eminentdomain; heroes; principled
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To: Individual Rights in NJ
Looks like they have Online Banking from their site. That means paychecks can be deposited electronically and withdrawals from bank cards.
Might get hit with banking fees; but I'm going to look into transfering our accounts there anyway!
41
posted on
01/25/2006 2:36:57 PM PST
by
Calpernia
(Breederville.com)
To: whipley-snidelash
I think you can add there is a long history of strong principles governing private property in NC. I would put that under #1 (It's the morally right thing to do) anywhere, but if you insist on it being a separate reason, consider it added.
42
posted on
01/25/2006 2:40:28 PM PST
by
magslinger
(Stupidity should hurt!)
To: Between the Lines
43
posted on
01/25/2006 2:41:21 PM PST
by
Sam Cree
(absolute reality) - ("Reality is merely an illusion, albeit a very persistent one." Albert Einstein)
To: Kidan
We are stockholders with BBT. I am so glad to hear just how honorable that they are.
44
posted on
01/25/2006 2:45:45 PM PST
by
Coldwater Creek
("Over there, over there, We won't be back 'til it's over Over there.")
To: Calpernia
Thanks. I hope that our dividends shoot up with all of this new business.
45
posted on
01/25/2006 2:50:16 PM PST
by
Coldwater Creek
("Over there, over there, We won't be back 'til it's over Over there.")
To: mariabush
I'm send a couple of corporate accounts their way. Thanks for investing with men who know what morality is.
46
posted on
01/25/2006 2:52:21 PM PST
by
B4Ranch
(No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
To: azhenfud
47
posted on
01/25/2006 2:53:29 PM PST
by
B4Ranch
(No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
To: B4Ranch
We have had stock with BBT for 12 or 13 years. Held up even though 9/11. We get great dividends.
48
posted on
01/25/2006 2:56:04 PM PST
by
Coldwater Creek
("Over there, over there, We won't be back 'til it's over Over there.")
To: Between the Lines
49
posted on
01/25/2006 2:56:33 PM PST
by
B4Ranch
(No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
To: TaxRelief
"An interesting contrast to Wachovia..."
It's a pity, what those First Union a-holes have managed to do to that name in such a short period of time. At one point, prior to Baker's sellout, it was the best conservatively managed financial institution in the country.
To: B4Ranch
51
posted on
01/25/2006 3:44:04 PM PST
by
Centurion2000
(Governments want to copy all the data on you in existence, but will prosecute you for an mp3 copied.)
To: Between the Lines
52
posted on
01/25/2006 3:54:47 PM PST
by
alancarp
(Will hack code for oil)
To: Between the Lines
Now that's what I call a socially conscious corporation. Most of the banks like BofA (and their retired King Hugh McColl) like to confiscate people's property through taxation in order to funds the arts.
To: Calpernia
You might like their "Elite Gold" account.
54
posted on
01/26/2006 3:22:51 AM PST
by
azhenfud
(He who always is looking up seldom finds others' lost change.)
To: B4Ranch
"That's obvious."
Which is? he was my super or he's a good man?
55
posted on
01/26/2006 3:26:03 AM PST
by
azhenfud
(He who always is looking up seldom finds others' lost change.)
To: azhenfud
56
posted on
01/26/2006 4:09:07 AM PST
by
B4Ranch
(No expiration date is on the Oath to protect America from all enemies, foreign and domestic.)
To: Between the Lines
I plan to switch over to BB&T bank. This is one time conservatives and liberals should be in agreement.
57
posted on
01/26/2006 8:36:53 AM PST
by
Dante3
To: Between the Lines
58
posted on
01/26/2006 8:42:28 AM PST
by
Dante3
To: doggieboy
Switched all my business to them a few years ago. Feels like I'm doing business with the good folks at Mayberry. Interesting that you would say it that way. Their HQ is right down the road from the "real" Mayberry (the town it's modeled after).
59
posted on
01/26/2006 6:38:00 PM PST
by
IMRight
To: JacksonCalhoun
Most of the banks like BofA (and their retired King Hugh McColl) Bank of the AntiChrist is what I call it. That guy sucked. Big lib.
60
posted on
01/28/2006 6:54:15 AM PST
by
JackDanielsOldNo7
(If it wasn't for marriage, I would not have this screenname.)
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