Al's Rantings

A view of the world from a hillbilly perspective.

Name:
Location: Virginia

I was born and went to school in the heart of the Appalachian mountains, in southern West Virginia. After graduating from college, I got married, and began working in Bristol, TN. I have have various jobs from Tennessee to up state New York and a few points between. Now I work in West Virginia. Some day, I want to live in Alaska.

Friday, February 17, 2006

First National Bank of Walmart

Wouldn't it be nice if Walmart was able to get into the banking business? Sure, some Walmarts have branch banks in them, but I am talking about Walmart being a bank. Able to offer checking accounts, savings accounts, home mortgages, etc.

They have applied. But been turned down. Now there is a bill in Virginia to make it against the law for Walmart to get into banking (see link).

The people pushing this legislation are Virginia Bankers Association.

Wal-Mart says its industrial loan company would be engaged in limited financial services, such as processing its customers’ debit card, credit card and electronic check transactions. Wal-Mart Bank would n ot engage in banking at its stores, the retailer says.
The Virginia Bankers said "I don't know many people who believe that". (Did he just say that Walmart was telling a lie about their intentions? Sounds like it to me.)

What is wrong with Walmart offering banking services? The last paragraph of the article tells why, "a Wal-Mart-owned bank would exert unfair competition in the financial-services arena and threaten the existence of local banks."

Banks are afraid of the competition! Unfair competition not illegal competition. The banks may have to fight for business. That would be good for consumers. More choices, better rates, better service, etc.

Afterall, I get upset when I see the huge construction projects that are going to be banks. Huge brick buildings, on prime real estate. It makes be believe that my money is being spent on buildings.

Let Walmart offer banking services so banks will have to compete for once in their life!

36 Comments:

Blogger Pumps said...

FYI...Ukrops, a local supermarket
chain in Richmond with about 37%
of the market share, has opened its
own bank "First Market Bank" in
partnership with a Tennessee
Lender...They have free standing
and in store branches....Walmart
would just be a "copy cat"....
Pumps

12:54 PM  
Anonymous Anonymous said...

Best regards from NY! film editing schools

3:28 AM  
Anonymous CreditBabe said...

Go WalMart!!! I mean why the biggest chain store in the whole world can't be bank? The only reason I can see why not is that it is difficult for other stores to compete with it as a store and if WalMart will a store and a bank at the same time , other stores will hardly have a chance!

1:54 AM  
Anonymous Anonymous said...

Wow, this piece of writing is pleasant, my sister is analyzing these things, so I am going to
inform her.

My page cheap social bookmarks

9:39 PM  
Anonymous Anonymous said...

I'm gone to convey my little brother, that he should also pay a quick visit this weblog on regular basis to get updated from most up-to-date gossip.

Feel free to visit my page :: forex Trading System

3:15 PM  
Anonymous Anonymous said...

Thanks for another great post. The place else may anybody get that kind of info in such a perfect way of writing?
I have a presentation next week, and I am at the
search for such info.

My website - how To lose belly fat

10:41 PM  
Anonymous Anonymous said...

What's up i am kavin, its my first occasion to commenting anyplace, when i read this piece of writing i thought i could also create comment due to this good paragraph.

My web site World Of Tanks Hack

1:17 PM  
Anonymous Anonymous said...

Hi it's me, I am also visiting this website regularly, this web site is truly good and the people are in fact sharing good thoughts.

My homepage - coconut oil for hair

5:17 PM  
Anonymous Anonymous said...

Wonderful article! That is the kind of information that are
meant to be shared around the internet. Shame on Google for now not positioning this publish upper!
Come on over and visit my site . Thanks =)

my web blog Coconut Oil For Hair

11:58 AM  
Anonymous Anonymous said...

Hi to every one, as I am really eager of reading this website's post to be updated regularly. It carries nice stuff.

Feel free to visit my web-site ... Http://casimira6.lovelyish.hk/772929365/ps3-jailbreak-with-regard-to-ps3-evaluation/

9:22 AM  
Anonymous Anonymous said...

Hey, I think your site might be having browser compatibility issues.
When I look at your blog site in Chrome, it
looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that, awesome blog!


Here is my site - Unknown

11:05 AM  
Anonymous Anonymous said...

Way cool! Some extremely valid points! I appreciate you writing this
article and the rest of the site is also very good.

Stop by my webpage: Bobtgmtayutmxjl.tblog.com

1:22 PM  
Anonymous Anonymous said...

It's a pity you don't have a donate button! I'd most certainly donate to this brilliant blog! I suppose for now i'll
settle for book-marking and adding your RSS feed to my Google account.
I look forward to fresh updates and will share this site with
my Facebook group. Chat soon!

My site Unknown

1:25 PM  
Anonymous Anonymous said...

With havin so much written content do you ever run into any issues of plagorism or copyright violation?
My site has a lot of exclusive content I've either created myself or outsourced but it appears a lot of it is popping it up all over the internet without my authorization. Do you know any solutions to help protect against content from being stolen? I'd truly appreciate it.



My page Unknown

1:59 PM  
Anonymous Anonymous said...

Undeniably believe that which you stated. Your favorite justification appeared to be on the web the easiest
thing to be aware of. I say to you, I definitely get annoyed while people consider worries that
they plainly don't know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks

My weblog Download 7Zip

3:48 PM  
Anonymous Anonymous said...

Hello, i read your blog from time to time and i own a
similar one and i was just curious if you get a lot of spam
responses? If so how do you protect against it, any
plugin or anything you can suggest? I get so much lately it's driving me crazy so any help is very much appreciated.

my web blog; microsoftpointss.Tumblr.com

4:07 PM  
Anonymous Anonymous said...

Thanks for sharing your thoughts on how to perform cpr.
Regards

Visit my page - unknown

9:26 AM  
Anonymous Anonymous said...

Greetings! This is my first comment here so I just
wanted to give a quick shout out and say I really
enjoy reading your posts. Can you suggest any other blogs/websites/forums that deal with the
same subjects? Many thanks!

Also visit my website Mon Jervois

5:38 AM  
Anonymous Anonymous said...

Hello! Do you use Twitter? I'd like to follow you if that would be ok. I'm definitely enjoying your blog and look forward
to new updates.

my webpage: Stretch Marks

5:51 AM  
Anonymous Anonymous said...

I loved as much as you will receive carried out right here.
The sketch is tasteful, your authored subject matter stylish.
nonetheless, you command get got an nervousness over that you wish be delivering the following.
unwell unquestionably come more formerly again as exactly the same nearly a
lot often inside case you shield this hike.

Stop by my web page ... Psn Code Generator

3:09 PM  
Anonymous Anonymous said...

I am regular reader, how are you everybody?

This post posted at this web page is really pleasant.

Visit my web site ... diarrhea remedies

8:04 PM  
Anonymous Anonymous said...

Great post. I was checking constantly this blog and I am impressed!
Very useful info particularly the last part :) I care for such info much.
I was seeking this certain information for a very long time.
Thank you and good luck.

Also visit my web site: World Of Tanks Hack

9:45 AM  
Anonymous Anonymous said...

Thank you for another magnificent article. Where else may anyone get that kind
of info in such a perfect approach of writing? I have a presentation subsequent week, and
I'm at the search for such information.

my website :: PS3 Jailbreak 4.41

3:16 PM  
Anonymous Anonymous said...

Very good blog post. I absolutely appreciate this site.
Continue the good work!

Here is my web-site ... Eco Sanctuary

11:16 PM  
Anonymous Anonymous said...

Thank you for another informative blog. Where else could I
get that type of information written in such an ideal
method? I've a mission that I am simply now working on, and I've been on the glance out for such info.


My web blog: Www.linkwithin.com

5:26 AM  
Anonymous Anonymous said...

Fine way of explaining, and good paragraph to get information
about my presentation topic, which i am going to convey in college.


Feel free to surf to my website candy crush saga hack

4:32 AM  
Anonymous Anonymous said...

I simply couldn't depart your site prior to suggesting that I really loved the standard info a person supply on your visitors? Is gonna be back steadily to check up on new posts

Here is my web site :: Dragon City Cheat Engine

5:22 AM  
Anonymous Anonymous said...

I'm really loving the theme/design of your site. Do you ever run into any browser compatibility problems? A handful of my blog audience have complained about my website not operating correctly in Explorer but looks great in Firefox. Do you have any tips to help fix this problem?

My page ... psn code generator

12:16 AM  
Anonymous Anonymous said...

I believe what you typed made a bunch of sense. However, what about this?
suppose you composed a catchier post title? I mean, I don't wish to tell you how to run your website, however what if you added a post title that makes people desire more? I mean "First National Bank of Walmart" is a little vanilla. You might peek at Yahoo's home page
and watch how they create article titles to grab people to
open the links. You might add a related video or a related picture or
two to grab readers excited about everything've written. In my opinion, it could bring your website a little livelier.

Feel free to visit my site - League Of legends hack

11:25 AM  
Anonymous Anonymous said...

It's an awesome paragraph for all the internet users; they will get advantage from it I am sure.

my page: Your Anchor Text

6:58 PM  
Anonymous Anonymous said...

What i don't realize is in reality how you're not really much more smartly-preferred than you
may be right now. You're so intelligent. You understand thus significantly relating to this topic, made me individually believe it from so many varied angles. Its like men and women don't seem to be
fascinated unless it's one thing to accomplish with Woman gaga! Your individual stuffs outstanding. At all times care for it up!

Also visit my webpage; Generateur de Code PSN

5:23 PM  
Anonymous Anonymous said...

Hi there just wanted to give you a quick heads up. The text in your article seem to be running off the
screen in Firefox. I'm not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I'd post to let you know.

The layout look great though! Hope you get the issue solved soon.
Many thanks

Also visit my blog ... Psn Code Generator

5:28 AM  
Anonymous Anonymous said...

If some one needs expert view concerning blogging then i suggest him/her to
pay a quick visit this blog, Keep up the pleasant job.


Also visit my blog post - Minecraft Gift Code Generator

1:06 AM  
Anonymous Anonymous said...

Write more, thats all I have to say. Literally, it seems as though
you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something
informative to read?

Here is my web blog; codes psn gratuit

6:39 PM  
Anonymous Anonymous said...

Hi there would you mind letting me know which webhost you're working with? I've loaded your blog in
3 different web browsers and I must say this blog loads a lot faster then most.
Can you suggest a good web hosting provider at a honest price?
Thanks, I appreciate it!

Also visit my weblog: Jailbreak software Ps3

7:04 PM  
Anonymous Anonymous said...

e cig reviews, best e cigarette, e cig reviews, electronic cigarette, e cigarette, electronic cigarettes

7:17 AM  

Post a Comment

<< Home