A few days ago, I mentioned BB&T Bank’s decision not to provide loans to developers planning to develop lands taken through eminent domain.
Today, Walter E. Williams gave his opinion of the bank’s decision. According to Williams,
We all should applaud the directors and officers of Branch Banking and Trust Company for their courage. While boards of directors have a duty to maximize shareholder value, BB&T has shown that maximizing shareholder value is not solely a monetary phenomenon but has a moral component as well. As such they have chosen not to be accessories to last year’s despicable U.S. Supreme Court decision.