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No. of Recommendations: 16
Greetings everybody...

Don't mean to inject politics into the board but I thought that as present or potential real-estate investors, we have an interest in the eminent domain debate.

My take: If gov't needs my property for a highway, school, etc and pays me fair money to get out of town, fine. Sh** happens. HOWEVER, for a gov't to take one's property, for the purpose of giving to another PRIVATE interest is just plain wrong. The recent Kelo v London decision makes it legal to do just that. Anyway.... kudos to BB&T bank!

http://www.washingtontimes.com/business/20060126-122358-6764r.htm

"BB&T Corp., the second-biggest bank in the Washington area, said yesterday that it will not lend money to developers who plan to build commercial projects on land taken from private citizens through the power of eminent domain."
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That's great. Due to this I'm going to give BB&T serious look and transfer some business to them.

I believe that private property is a catalyst that gives you, I, and other 'normal people' the keys to reaching critical mass in an era when mega-corporate-multinational-ish firms continue to grow stronger. Property rights ought to be protected for the average American.

Jedi



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