Another cog in the wheel known as the Vast Right Wing Conspiracy to combat the Extreme Left-Wing Media.

Thursday, January 26, 2006

More Kelo backlash

At least one major corporation has noticed the wrongness of the Supreme Court's Kelo Decision.
NEW YORK, Jan 25 (Reuters) - BB&T Corp., a large U.S. southeast bank, on Wednesday said it will not lend to commercial developers that plan to build projects on land seized from private citizens through eminent domain. The policy change by Winston-Salem, North Carolina-based BB&T, the No. 9 U.S. bank, covers lending for such projects as condominiums and shopping malls.

"The idea that a citizen's property can be taken by the government solely for private use is extremely misguided," BB&T Chief Executive John Allison said in a statement. "In fact, it's just plain wrong."

It was not immediately clear whether other banks might adopt similar policies.

BB&T adopted its policy on the heels of a controversial U.S. Supreme Court decision last June upholding the taking by New London, Connecticut, of 15 properties to make way for a hotel and condominium project.
It's a start. If only five supreme court justices understood right from wrong as clearly as the CEO of BB&T.

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