Categorized | General Interest

Wal-Mart Bank: Not!

The Beast from Bentonville (by the way, that would be the corporation upon whose board Hillary Clinton sat…) has been trying to get into the banking business. But, it’s been met with a fairly stiff campaign, which has included resistance from banks, as well as the good folks from WalMart Watch.

According to today’s New York Times piece, the Federal Deposit insurance Corporation (FDIC–you know, you read that little note near the teller’s window about the first $100,000 of your money being insured in case one of these guys goes belly up) received more than 1,100 letters–a record– raising concerns about the Beast’s foray into banking….

By the way, the JibJab folks have also taken on Wal-Mart; though not exactly by name, it’s clear who we’re talking about. It’s not bad.

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