Mar 26, 2007 22:28
From The Economist
Wal-Mart withdrew its application to enter the banking business, saying it had been surrounded by "manufactured controversy". The retailer had been opposed by consumer groups and community banks, though Wal-Mart had insisted its intention had been to cut its own transaction costs, not to start a retail bank.
Not to start a retail bank? Haha, yeah right!
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