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Dec 06, 2005 -- Wal-Mart wants its own bank charter

Wal-Mart has been trying for years to get a banking charter so it can create its own credit cards. Typically, federal regulators get about 5 or 6 comment when a company wants a bank charter. Since Wal-Mart’s four requests, more than 1500 comments have come in. People are basically fearful that Wal-Mart will own more of the world’s retail share than it should and grow ever more powerful. But that is just not true. Consider Dell as an example. Dell used to be a major force in the computer market, but the company grew too large and suffered severely from its lacking customer service. No matter how good a business is, it reaches a point when it’s difficult to continuing running a good shop. There is also a movie out about Wal-Mart, produced by people who want others to hate the company. It’s called “The High Price of Low Price.” You can see it by visiting walmartmovie.com.
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