Free market’s response to Eminent Domain

Posted on January 26, 2006 by Jim Duncan

This is outstanding. Courtesy of Bacon’s Rebellion:

… BB&T, the bank with No. 2 market share in Virginia, is taking action on its own. The Winston-Salem, N.C., bank has 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.”

If you can, read the story in its entirety. Now to start recommending BB&T even more to my clients.

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About Jim Duncan

A Charlottesville Realtor who tries to stay on the bleeding/cutting/functional edge of technology and real estate trends. I have been selling real estate for the past 10 years, lived in C'Ville for twenty+ and am married to one of few Charlottesville natives left.
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  • TrvlnMn

    Okay. I have BB&T as my bank. This might just get me to forgive them about the fact that if I deposit my check on a friday after 12 noon (or is it 2pm?) If I do that then I don’t have access to that money until Tuesday, and then God forbid it’s a 3 day weekend.

    That’s my problem with BB&T.