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Repiglican Roast

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Tuesday, April 11, 2006

Wal-Mart Banking Plan Draws Objectors

WASHINGTON - Allies for once, a stream of officials from the banking industry, unions and consumer groups urged federal regulators on Monday to reject a bid by Wal-Mart Stores Inc. to expand its empire into the banking business.
[...]
The lone Wal-Mart executive who testified — Jane Thompson, president of Wal-Mart Financial Services — insisted that the $250 billion-a-year retailer is a good corporate citizen in the communities where it operates, pays its employees fair wages and complies strictly with laws and regulations.
[...]

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