A new strategy has emerged in the battle against the Kelo decision: the free market.
From Market Watch:
BB&T Corp. said Wednesday that it would not lend to developers that plan to build on land seized under eminent domain, calling such projects "plain wrong.""The idea that a citizen's property can be taken by the government solely for private use is extremely misguided [and] in fact it's just plain wrong," said BB&T Chairman and Chief Executive Officer John Allison, according to a company statement. BB&T won't lend to projects that intend to deprive citizens of their property, he said.
Call your banker and ask him what your bank is planning to do to help preserve property rights. If you are currently looking for a new bank, ask each one you talk with about what there position is on lending to projects on seized property. Even if they don't think it is just "plain wrong" I promise you they listen to the market.
Hats off to BB&T.
