Monday, January 30, 2006

This is my bank, kids.

BB+T has vowed to not loan money to building projects that got their land by taking it away from private citizens under eminent domain. As the article points out, the stand will in the end probably be profitable for them, but I will take my friends where I can get them.

The Supreme Court screwed the pooch big time on this one, IMHO. I'm sort of amazed that the liberals were the ones who voted for it as opening things up to abuse by large businesses is usally more the conservatives' racket.

Here's the story of an LA furniture maker who was kicked off of his property so the city could build a new animal shelter on it. $17,000 in campaign donations from a competing furniture maker later, the land is being sold to the competing furniture maker. At a cost of millions to the taxpayers.

Suffice to say, I'm happy to be a BB+T customer this morning.

CC

4 comments:

Joel Monka said...

I'm going to suggest this to MY banK!

CC, I'm surprised at your amazement that liberals did this- I think you were thrown off by the land finally ending up in the hands of big business- but the end use isn't the issue; the issue is power. Conservatives believe that all rights, power, and authority lies in the hands of individual citizens, and the government merely has the temporary use of some of that authority delegated to them by the citizens. For a liberal, all rights and power does (or should) begin with the state, and the citizen must make do with whatever the state decides is good enough for him. The eminent domain decision is squarely with that view; the individual citizen is not sovereign even in his own home- his proper role should be humble supplicant to the government for the right to live in a house. The previous demand that eminent domain be used only for public projects was an unacceptable restriction on the government's ability to rule on a whim.

Don't worry bout me, just a touch of heartburn- it will pass :)

Chalicechick said...

IMHO, Psyton, EVERY bank does what you describe.

But only one bank has taken a stand against Kelo.

CC

Chalicechick said...

IMHO, Psyton, EVERY bank does what you describe.

But only one bank has taken a stand against Kelo.

CC

Chalicechick said...

Shrug. In VA, you get free online banking if you have direct deposit. I don't really do much that requires going into the branches, so I don't know.

I do keep my savings account wiht ING.
CC