http://www.qando.net/ - Bank to land grabbers: "Get your money elsewhere"

One of the nation's top banks plans to reject loans to developers who are involved in deals where land is seized through eminent domain.

Officials from Winston-Salem-based BB&T made the announcement on Wednesday. The chief credit officer said the bank was obligated to take a stance on the issue.

Eminent domain allows governments to take citizen's property for private use. The bank said it only expects to lose a fraction of a percent of business with the new policy.

To bad I don't live there ... I'd open an account. Yeah, I know it won't cost them much, but still ... a business which takes an ethical stand on the right of ownership.

Excellent.

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Most of my family has banked with them for years, although I closed my own account with them when I moved to NYC (no branches there, unfortunately). Good for them anyway; they’re fine folks, and in all the years I used them I was always treated very well and was completely satisfied with them. In fact, now that I think about it, they wrote the loan for my first Harley way back when...

Written By: Mike
URL: http://coldfury.com

It’s very good to hear of a business with scruples. If all business would take a similar stance maybe we could put an end to this blatant abuse of eminent domain.

Written By: Kolomona
URL: http://www.tsickist.com

Now I’m really glad I bank with them. It’s nice to see a comercial enterprise willing to take a stand.

Written By: Rob
URL: http://www.bighracing.com/blog/

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