TITLE

Just Say No

AUTHOR(S)
Forbes, Steve
PUB. DATE
February 2006
SOURCE
Forbes Asia;2/27/2006, Vol. 2 Issue 3, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the policy of financial holding company BB&T that it would no longer make loans to developers for private projects on land that was previously privately owned and was acquired under eminent domain provisions. The policy comes in the wake of the U.S. Supreme Court's decision in June 2005 that unconstitutionally permits governments to seize lands from homeowners and small businesses for development projects for nonpublic purposes. Such ruling is an invitation to political misconduct and corruption. The company's move is a positive step toward preventing such political wrongdoing.
ACCESSION #
20992617

 

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