My New Favorite Bank

I just may have to switch accounts, after this news:

BB&T Corporation today said it will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain.

“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.”

Now THIS is the kind of "socially responsible investing" I can get behind!

Comments

[Joanna]

Allison is a great guy - through BB&T he's invested in a lot of capitalism centers at univs, also economic education. I think he's a Randian. In any case, very libertarian. And very successful - BB&T's been gobbling up banks left and right.