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#1
02-01-2006, 12:08 PM
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A Market Response
[ QUOTE ]
Stepping up to the plate is Branch Banking and Trust Company (BB&T), headquartered in Winston-Salem, N.C. BB&T is a full-service bank with 1,100 offices throughout the Southeast. On Jan. 25, BB&T announced that 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. [/ QUOTE ] Link Good PR. I'm not a big fan of boycotts, but this is a trend I could get behind. 
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#3
02-01-2006, 01:01 PM
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Re: A Market Response
Makes me even more happy I sold my position in BB&T a few weeks ago. I'm not pleased with the recent Supreme Court ruling but others will lend the money so taking the "high road" seems to be hurting shareholders only but I could be convinced otherwise.
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#4
02-01-2006, 01:13 PM
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Re: A Market Response
It won't hurt shareholders at all. Seeing as 95% of the country is against the use of eminent domain to take private property and give it to other citizens for private uses, it's a fantastic PR move.
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