Comments on: Good news on the eminent domain front

By: SayUncle » BB&T takes some heat

SayUncle » BB&T takes some heat — Fri, 14 Apr 2006 12:39:55 +0000

[...] A while back, BB&T said it wouldn’t loan money for projectes taken via eminent domain. Now, a government agency is reacting: The city’s urban renewal agency is looking to pull its $2.37 million out of BB&T because of the regional bank’s policy against loaning money for private projects that depend on eminent domain to obtain property. [...]

By: Scott R. Keszler

Scott R. Keszler — Thu, 26 Jan 2006 10:48:26 +0000

BB&T is listed on VCDL’s Gun Owner Unfriendly page:

http://www.vcdl.org/static/gue.html

By: John Norris Brown

John Norris Brown — Thu, 26 Jan 2006 00:45:14 +0000

This is good to hear. Makes me glad I bank with BB&T.

By: SayUncle

SayUncle — Wed, 25 Jan 2006 20:08:27 +0000

They are? Not that I doubt you just want verification.

By: Ravenwood

Ravenwood — Wed, 25 Jan 2006 19:00:17 +0000

Not so fast. BB&T is virulently anti-gun. They will get no business from me.

By: Heartless Libertarian

Heartless Libertarian — Wed, 25 Jan 2006 18:52:05 +0000

I’m not so sure that last on, from RI, is as good as it sounds. If you read it closely, it seems he’s only talking about not taking peoples homes.

So somebody’s old, not the prettiest building, muffler shop, say, or gun store, might not be safe if someone else wanted to build a big new mall that would bring in more tax $$.

By: cinomed.blog-city.com

cinomed.blog-city.com — Wed, 25 Jan 2006 17:50:04 +0000

BB&T decides on principle over profit.

In my professional life I have to deal with BB&T as one of my customers, and honestly I do not care for the processes in which we deal with them.But with this news from Say Uncle, I must re-evaluate my feelings.Sure they have some hair-brained pr

By: The Comedian

The Comedian — Wed, 25 Jan 2006 17:45:49 +0000

It’s not only the right thing to do morally, it may well be the right thing to do from a risk management standpoint.

With this area of law likely to change in the short term future, either through legislation or a new USSC case, BB&T doesn’t want to risk financing a large project built on wrongly taken private land that might be given back to the rightful owners, leaving BB&T without any collateral to secure a loan.

By: SayUncle

SayUncle — Wed, 25 Jan 2006 16:53:11 +0000

I understand what it allows and it still sucks. I wish judges understood what the Constitution allows.

By: #9

#9 — Wed, 25 Jan 2006 16:46:30 +0000

I wish people actually understood what the Kelo ruling allows.

Do you support the Kelo ruling?

By: persimmon

persimmon — Wed, 25 Jan 2006 16:43:02 +0000

I wish people actually understood what the Kelo ruling allows.

By: DADvocate

DADvocate — Wed, 25 Jan 2006 16:05:22 +0000

I wish I lived in your area, just so I could switch to BB&T.

By: #9

#9 — Wed, 25 Jan 2006 15:53:48 +0000

�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,� said BB&T Chairman and Chief Executive Officer John Allison.

�One of the most basic rights of every citizen is to keep what they own. As an institution dedicated to helping our clients achieve economic success and financial security, we won�t help any entity or company that would undermine that mission and threaten the hard-earned American dream of property ownership.�

This is the best way to fight eminent domain abuse.

Goodbye Suntrust hello BB&T.