A Libertarian Bank?

by Joe?Pulcinella

I never thought I'd live long enough to hear a bank CEO talk like this:

?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.?

That sorta talk is normally reserved for Silicon Valley CEOs. But that was an official statement from BB&T Bank regarding their decision to NOT finance any project where preperty has been taken via eminent domain. There is hope!

Thanks to Reason Online for the tip.

Posted 1/31/2006 4:22:18 PM by Joe?Pulcinella

That is awesome--that they won't finance projects that began with eminent domain seizures. And for me, this is reason enough to drop Walk-all-over-ya, and move my money to BB&T. This is what investors SHOULD mean when they talk about an ethical corporation.

Posted 1/31/2006 10:47:28 PM by Jim Rutter

My God - there IS hope for America. This is a HUGE gesture.

Posted 1/31/2006 4:57:31 PM by Vince Daliessio