BB&T LtoE

I thought this ARI letter to the editor was very succinct and to the point:

BB&T Right Not To Lend to Eminent Domain Developers

Dear Editor:

BB&T cannot be praised highly enough for its decision not to lend money to developers who acquire land through eminent domain.

BB&T's new policy is a perfect response to the horrific decision reached by the Supreme Court last year on Kelo v. City of New London.

The remarkable fact about BB&T's decision is its understanding that the company's long term success--as well as the success of its clients--requires that they take a stand in defense of private property rights.

America needs more companies like BB&T that have the wisdom and courage to defend individual rights. The survival of our freedom and our capitalist system may well depend on that.

Dr. Yaron Brook
Ayn Rand Institute executive director Irvine, CA