Wal-Mart Can Do Us Good Taking on Bank of America
One suggested out: Create new banks that wouldn’t be saddled with the soured loans and toxic assets constraining other lenders.
That’s easier said than done. Even with government funds, most start-ups couldn’t muster the technology, infrastructure and management expertise to form the kind of big, national bank that could quickly have an impact.
Most, that is, except for Wal-Mart Stores Inc.
The retailing giant could ...
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If Wal-Mart were to get into banking, would the potential benefit of stabilizing the economy outweigh the dominance they would effectively have over it?