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April 10, 2006

Welcome To The Bank of Wal-Mart

Why is it when the alarm clock went off this morning the story of 8 dead bodies found in a field was slightly less alarming then when I heard Wal-Mart is trying to get into banking. Just thinking someone could be uttering the phrase, "Welcome to the Bank of Wal-Mart" makes me nauseous.

Wal-Mart insist that it doesn't want to get into consumer banking but I'd imagine like many others that once they get their foot in the door that will be the end of it.

The company insists that consumers and retail banks have nothing to fear and is pledging to stay out of branch banking and consumer lending

I'm not a fan of the banks in general with all of their bloated service charges and convience fees I just start sweating when I think what will happen if Wal-Mart enters this world.


Posted by hypnobee at April 10, 2006 9:40 AM