Federal Government Considers Letting Wal-Mart Take Over Banks

Traditionally, Wal-mart's current retail monopoly would have already been busted-up to ensure fair competition and fair market entry. Instead, future growth of Wal-mart banking on the level of Wal-mart retail could reduce prospects of loans to existing or entering competitors. Already, retail monopoly tosses out the window the "fair competition" argument for capitalism's raison d'etre. With Wal-Mart also controlling start-up lending, "fair competition" would be reduced to mere doublespeak. To further understand the problem of letting Wal-Mart enter the banking sector, check out Sirota's article and the background links their.