Ken Chalk
Ken Chalk
based carolina change concern court direction domain eminent mostly north opened opposition ownership potential private strictly supreme threatens
Eminent domain has been used historically very judiciously and mostly appropriately in North Carolina and other states. Our opposition is strictly based on our concern about the potential change in direction with eminent domain that the Supreme Court had opened that threatens private ownership of property.
consistent decision good public
It's a philosophical decision consistent with our values. We think this is just not good public policy.
areas clearly community good lend project
Clearly we want to lend to project and in areas where there is good community support.
certainly longer optimistic wait
While we're certainly optimistic about the pending legislation, this is something we could not wait any longer to address.
hope industry similar strong support
We wanted to show our strong support for private-property rights. We would hope the industry would take a similar stand.
economic economy helped issue lending ownership social trying
We're not trying to use lending for social purposes. This is a long-term economic issue because private-property ownership has helped to make the U.S. economy what it is today.