Time to Change Banks

I've not been unhappy with my bank, but I am going to change banks this week. BB&T (Branch Banking and Trust), headquartered in North Carolina (and who does about 25% of their business in NC) has announced that they will not lend money to any business who gets their land from government takings.

Now that took real guts. Of course the Charlotte Observer, who hates freedom, tries to downplay the announcement by claiming that such things are against the law in NC. Not surprisingly, the Observer is just plain wrong on that issue. The law states that land CAN be taken if the need is justified.

What is real interesting is how little play this is getting. When a company announces that they are supporting some liberal or left-wing cause, they are celebrated in press, held out as heroes, and everyone is told to go do business with them. But since this is a cause to support freedom, the liberal press doesn't care.

"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," Chief Executive John Allison said in a statement.

Now THAT is a company *I* want to do business with. Any other business that wants my money, publicly support freedom, and I will beat a path to your door!

I'm going to stop by a branch on my way home TODAY and open an account there.

(Linked to Cao's Open Trackbacks).

Posted by: Ogre at 04:05 PM

Comments

1 It's good to know there are still financial institutions with a little integrity out there.

Posted by: Kevin Johnson at January 26, 2006 06:20 PM (wM1PK)

2 It's good to know there's ANY business with integrity.

Posted by: Ogre at January 26, 2006 08:04 PM (/k+l4)

3 Now, realizing that the probability of them doing business with a company like this is pretty small, do you think this was an excellent pr move, or what?!

(*)>

Posted by: birdwoman at January 26, 2006 10:22 PM (vR7Sl)

4 Them, who? The private developers? Well, they have to borrow money from someone.

Posted by: Ogre at January 26, 2006 10:34 PM (+Gl1m)

5 It is so refreshing to meet a man who puts his money where his mouth is! Good job!

Posted by: Patty-Jo at January 27, 2006 12:02 AM (0h1D1)

6 I got the information pack from the bank today and will be opening the account tomorrow.

Posted by: Ogre at January 27, 2006 12:25 AM (+Gl1m)






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