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.
"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," said John Allison, the bank's chairman and chief executive officer.
I'm embarrassed that it never occurred to me to propose this as a pro-market approach to fighting Kelo. But now that the bee's in my bonnet: Hell yeah! I'm going to forward this to the public affairs folks at Citigroup, and will be happy to report back what, if any, response I receive.