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View Full Version : Pull your money out of @#$% banks and put it into solvent ones!




fahayek
10-03-2008, 02:30 PM
Government can't control markets but we sure can. If your bank is holding shitty assets then pull your money out and put it in banks that don't have shitty assets. I know BB&T in North Carolina and Virginia is sound. Google John Allison. He is the most free market bank CEO on the planet. He didn't know what the fuck a derivitive or a mortgaged backed security was so he didn't invest in them. He makes everybody who goes through the BB&T University read Economics in One Lesson by Hazlitt.

Force these shitty banks out of business. This will free up capital for sound banks to lend.

RSLudlum
10-05-2008, 07:32 PM
The more I read about BB&T the more I really like them. I just ran across this 2006 press release in which they explain their policy on NOT lending for Eminent Domain projects:



January 25, 2006

BB&T announces eminent domain policy
source (http://www.bbt.com/about/media/newsreleasedetail.asp?date=1/25/06+9:48:52+AM)

WINSTON-SALEM, N.C. –

BB&T Corporation today said it will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain.

The commercial lending policy change comes in the wake of Kelo v. City of New London, a controversial Supreme Court decision in June that said governments can seize personal property to make room for private development projects.

The court’s ruling cleared the way for an expansion of eminent domain authority historically used primarily for utilities, rights of way and other public facilities.

“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 BB&T Chairman and Chief Executive Officer John Allison.

rest of article here (http://www.bbt.com/about/media/newsreleasedetail.asp?date=1/25/06+9:48:52+AM)

Highland
10-05-2008, 07:40 PM
wow...didn't know that about BB&T...that is in Asheville NC...cool...thanks for the info.

damania
10-05-2008, 10:43 PM
Like John Perkins says, you can change the world with your consumption and investment habits.

Maybe things cost a bit more or you don't make as much from your investments, but you know you are supporting the true growth of society and its people.

Vote Waterman 2028
10-05-2008, 10:49 PM
wait......which ones are solvent anyways ?

the solvent ones are the conservative instate local banks. they will get eaten alive by the two new holding companies that are goldman sachs and JP Morgan. So i would just go ahead and put my money in those two, its going to end up there anyways....

If you understand the legislation of the new bill, taxes will be so high on banks that no small local banks will be solvent anymore, and therefore have to sell themselves to the holding companies. Thats why the bill is such a socialist move, among other things of course.

Micah Dardar
10-05-2008, 10:59 PM
So i would just go ahead and put my money in those two, its going to end up there anyways....



Wow, giving up to the elites so easily, are you?