How refreshing to see the private sector taking a stand against overly intrusive government.
“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,” John Allison, the bank’s chairman and chief executive, said in a statement.
In an interview, BB&T chief credit officer Ken Chalk said the bank expects to lose only a tiny amount of business, but believes it was obligated to take a stance on the issue.
My hope is that taking a stance like this won’t cost the company any business, but might actually bring business to the bank–I know I’d be opening an account if there was a BB&T in my area.