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PhytoExtractum Shop: Maeng Da Thai Kratom Leaf Powder

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Invisiblenewuser1492
Registered: 06/12/03
Posts: 3,104
Private company and capitalism
    #5344851 - 02/27/06 10:46 AM (17 years, 10 months ago)

http://www.foxnews.com/story/0,2933,186120,00.html

"One of the most basic rights of every citizen is to keep what they own," said BB&T Chairman and Chief Executive Officer John Allison, a noted libertarian. "As an institution dedicated to helping our clients achieve economic success and financial security, we won't help any entity or company that would undermine that mission and threaten the hard-earned American dream of property ownership."


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Offlinewilshire
free radical
Male User Gallery

Registered: 05/11/05
Posts: 2,421
Loc: SE PA
Last seen: 14 years, 3 days
Re: Private company and capitalism [Re: newuser1492]
    #5345265 - 02/27/06 01:06 PM (17 years, 10 months ago)

the headline:

"BB&T Denies Loans to Businesses Benefiting from Eminent Domain"

...The announcement was a reaction to the U.S. Supreme Court's decision last June in Kelo v. City of New London. The court ruled 5-4 in favor of the Connecticut town's right to take land for private development if its use was deemed in the public interest.

In a Jan. 25 release, BB&T executives stated their disapproval of the court's ruling...




susette kelo and her neighbors were forced to sell their homes and move when the city government decided to seize their land so a developer could build a resort hotel and conference center and some office buildings. i applaud the bank's stance on this.


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